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HK CHINESE LTD (00655.HK) anticipates a potential loss from joint ventures of approximately 1.1 billion to 1.3 billion HKD in 2024.
Gelonghui reported on February 14 that HK CHINESE LTD (00655.HK) announced that it expects the group to record a loss of approximately 1.1 billion to 1.3 billion Hong Kong dollars attributable to its share of joint ventures for the year ending December 31, 2024, while a profit of approximately 0.169 billion Hong Kong dollars was recorded for the year ending December 31, 2023 ("2023"). This loss is primarily due to the losses attributable to a major joint venture's subsidiary, OUE Limited. According to OUE's guidance on its unaudited financial performance for the year, released on the date of this announcement, the OUE group expects...
Express News | Hongkong Chinese Ltd Sees Share of Loss of Joint Ventures Ranging From HK$1.1 Bln to HK$1.3 Bln for Year
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