Summary by Moomoo AI
Hysan Enterprises Limited (the “Company”) is expected to record a loss of approximately HK$900 million for the year ended 31 December 2023, primarily due to a loss in the fair value of its investment properties of approximately HK$2,800 million, which is primarily due to a decrease in the valuation of the portfolio of office properties under development. In comparison, for the year ended December 31, 2022, the Company's loss and investment property fair value loss were HK$1,157 million and HK$3,213 million, respectively. THE COMPANY EMPHASIZED THAT DESPITE THE FAIR VALUE LOSS BEING NON-CASH IN NATURE, THERE WAS NO IMPACT ON OPERATING CASH FLOW AND THE COMPANY'S OVERALL FINANCIAL CONDITION REMAINED STABLE. The Company will announce audited consolidated results on February 22, 2024. Shareholders and potential investors should act with caution. The announcement was made by Chairman Li Yun-lin on 9 February 2024.