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Teamway International Group Holdings Limited (HKG:1239) Stock Catapults 91% Though Its Price And Business Still Lag The Industry
Teamway Intl GP (01239.HK) issued a profit warning: It is expected that the mid-term loss attributable to owners of the parent company will increase by about 80% to 90%.
TEAMWAY INTL GP (01239.HK) announced that the group is expected to record a loss of approximately RMB 23,360,000 in the six months ended June 30, 2024, an increase of about 80% to 90% from the same period last year. The expected increase is mainly due to (i) weak customer demand, resulting in decreased sales of packaging products and structural components; and (ii) decreasing economies of scale due to lack of mass production, leading to a decrease in gross margin.
Express News | Teamway International Group - Expected Result Due to Decrease in Sales of Packaging Products & Structural Components Due to Weakened Demand, Others
Express News | Teamway International Group Sees Increase in Hy Loss Attributable by 80% to 90%
TEAMWAY INTL GP: PROFIT WARNING AND NOTICE OF BOARD MEETING
Teamway Intl Gp (01239) completes the issuance of approximately 0.197 billion shares of additional shares.
TEAMWAY INTL GP (01239) announced that on June 4, 2024, for each share held, one share of rights share will be granted at a base of 1:1, and approximately 0.197 billion shares of rights shares will be issued at a subscription price of HKD 0.08 per share.
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