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Express News | Hongkong Chinese Ltd - FY Loss Attributable HK$1.20 Bln
Express News | Hongkong Chinese FY Net Asset Value HKD 9,000 Million
Express News | Hongkong Chinese FY Revenue HKD 73 Million
HK CHINESE LTD: FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
HK CHINESE LTD (00655.HK) will hold a Board of Directors meeting on March 28 to approve the annual performance.
On March 18, Gelonghui reported that HK CHINESE LTD (00655.HK) announced that it will hold a Board of Directors meeting on March 28, 2025, to approve the announcement of the company's and its subsidiaries' annual performance for the year ending December 31, 2024, and to consider the proposal for a final dividend distribution (if any).
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...
