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China Partytime Culture Holdings Reports Significant Financial Losses for 2024
CHINA PARTYTIME: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
CHINA PARTYTIME (01532.HK): It is recommended to issue non-listed warrants based on special authorization.
GLORY LINK announced on March 26 that CHINA PARTYTIME (01532.HK) has entered into a subscription warrant agreement with the subscriber, under which the company conditionally agrees to issue warrants that grant the right to subscribe for shares at a nominal subscription price of HKD 1.00 (up to 0.355 billion shares). Once the exercise conditions are met and the company is satisfied (if the exercise conditions cannot be met, the warrants shall immediately become invalid and canceled), the subscription rights attached to the warrants can be exercised within a period of five years from the date of issuance. The shares of warrants represent (i) the company's current shares as of the announcement date.
CHINA PARTYTIME (01532.HK) expects a significant increase in annual net loss.
Gelonghui reported on March 21 that CHINA PARTYTIME (01532.HK) announced that the group expects to record a net loss of approximately 70 million to 74 million yuan for the year ending December 31, 2024, compared to a net loss of approximately 18.6 million yuan in the previous year. The significant increase in net loss is mainly attributed to: (i) the adverse impact of the macroeconomic situation and the decline in the export trade environment, with revenue decreasing by at least 30% from approximately 355.7 million yuan in the previous year to approximately 240.3 million yuan for the current year; (ii) through the sale of properties and factories.
Express News | China Partytime Culture Holdings Ltd - Records RMB8.4 Mln Impairment on Goodwill in FY
Express News | China Partytime Culture - Expects Net Loss of RMB70-74 Mln for 2024
What China Partytime Culture Holdings Limited's (HKG:1532) 26% Share Price Gain Is Not Telling You
