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Chinney Investments Logs Wider Attributable Loss for Six Months to September
CHINNEY INV: 2024-25 INTERIM RESULTS ANNOUNCEMENT
Chinney Inv (00216.HK) will hold a board of directors meeting on November 27 to approve the interim performance.
Gelonghui November 15th, chinney inv (00216.HK) announced that the board of directors will hold a meeting on November 27, 2024 (Wednesday) to consider and approve the mid-term performance of the company and its subsidiaries up to September 30, 2024, and consider distributing interim dividends (if any).
Chinney Inv (00216.HK) is expected to incur a midterm loss of not more than 75 million Hong Kong dollars.
Chinney Inv (00216.HK) announced on November 11 that the Group expects a net loss attributable to owners of the company of not more than HK$75,000,000 for the six months ended September 30, 2024, compared to a net loss attributable to owners of the company of approximately HK$2,000,000 for the same period in 2023. The board of directors believes that the expected loss is mainly due to: (1) Delayed confirmation of property sales from pre-sale units of residential projects located on Nanjing Road, Guangzhou and Peking due to project completion delays, resulting in a significant decrease in the Group's income. Nevertheless, the company has already
CHINNEY INV: PROFIT WARNING
Hon Kwok Land (00160) terminates the sale of a hotel property in Asakusa, Tokyo.
hon kwok land (00160) and chinney inv (00216) jointly announced that due to the buyer's inability to obtain the settlement price...
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