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Kai Yuan Hldgs (01215.HK) announced a profit in the first half of the year, reversing from loss.
On August 9th, Gelunhui reported that Kai Yuan Holdings (01215.HK) is expected to record a profit attributable to shareholders of approximately HKD 7.9 million for the six months ending on June 30, 2024, while a loss of approximately HKD 1.2 million was recorded in the previous period. The main reason for the turnaround from losses to profits is that i) the group's other income and gains during the interim period increased to approximately HKD 18.7 million (approximately HKD 15.7 million in the previous period); ii) financing costs decreased to approximately HKD 20.8 million (approximately HKD 24.9 million in the previous period).
Express News | Kai Yuan - Expected Result Due to Increase in Group's Other Income and Gains, Among Others
Express News | Kai Yuan Holdings Ltd Sees Profit Attributable of HK$7.9 Mln for Six Months
KAI YUAN HLDGS: POSITIVE PROFIT ALERT
Kaiyuan Holdings (01215) subsidiary signs a settlement agreement with China Gas
Zhitong Finance App News, Open Source Holdings (01215) issued an announcement. On the date of this announcement, the outstanding principal amount of China Gas's subscribers' convertible bonds was HK$77.8 million, along with accumulated but unpaid interest under it. The Company hereby informs its shareholders and investors that on May 20, 2024, the subscribing party (a wholly-owned subsidiary of the Company) entered into a settlement agreement with China Gas. According to this, the outstanding principal amount of the convertible bonds will be repaid in installments before December 20, 2024; and the interest accrued or accrued under the convertible bonds will be repaid on December 20, 2024. Hu Yishi and Song Zhicheng (both
Kai Yuan's Losses Shrink 17-Fold in 2023
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