Zhuang Shi China (00298) issued an announcement that the group expects to acquire corporate rights within 6 months until September 30, 2023.
Zitong Financial App News, Chuang Shi China (00298) issued an announcement that the Group expects to obtain a loss of about HK $190 million to HK $270 million attributable to equity holders of the company in the six months ended September 30, 2023, compared with a loss of about HK $187 million in the same period last year.
According to the announcement, the loss for the six months ended September 30, 2023 was mainly due to the recognition of fair value losses on the Group's investment properties, the recognition of the Group's provision for impairment of properties under development / development, and the recognition of unrealised fair value losses on Group bond investments at market prices on 30 September 2023. However, the company's shareholders and prospective investors should note that the above factors are accounting losses and have no direct impact on the cash flow of the Group. Although the Group expects to make a loss for the six months ended September 30, 2023, the Group's financial position remains sound.