Summary by Moomoo AI
Zhuguang Holdings Group Limited has issued a profit warning, expecting to record a loss of not less than 0.75 billion Hong Kong dollars for the six months ending on June 30, 2024. This substantial loss is mainly due to the decrease in project management service income, the decline in fair value of investment properties, and the increase in loan interest and related expenses. Compared to a loss of approximately 66.923 million Hong Kong dollars in the same period of 2023, this anticipated loss reflects a significant deterioration in the company's financial condition. Shareholders and potential investors are advised to exercise caution. The board of directors of Zhuguang Holdings currently consists of six executive directors and three independent non-executive directors, with Mr. Zhu Qingsong serving as the chairman. The warning was issued on August 23, 2024 by the Chairman of the company, Mr. Zhu Qingsong.
