Zhuguang Holdings Group Co., Ltd. (HK:1176) has released an update.
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Zhuguang Holdings Group Co., Ltd. warns of a significant loss of no less than HK$750 million for the first half of 2024, a considerable drop from the HK$66.92 million loss in the same period the previous year. The decline is primarily due to reduced revenue from project management services, a loss in fair value of investment properties, and increased other expenses. The company advises shareholders and potential investors to exercise caution when dealing with its shares.
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