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FriendTimes Chairman Boosts Ownership in Firm to 59%
FriendTimes Forecasts Up to 15% Drop in H1 Loss
FriendTimes Inc. Issues Profit Warning Amidst Growth
Friendtimes (06820.HK): The controlling shareholder increased their shareholding by 4.086 million shares.
On July 23, Glory Harvest announced that the board of directors had been informed by Jiang Xiaohuang (executive director, chairman of the board of directors and controlling shareholder) that Eternal Heart Holdings Limited (“Eternal Heart”) had accumulated a total of 4.086 million shares of the company in the public market from July 12 to 18, 2024, accounting for approximately 0.19% of the total issued share capital of the company as of the date of this announcement. After the purchase of shares, the number of shares held by Eternal Heart increased from 937.
Friendtimes (06820) is expected to have a net loss of up to 79 million RMB in the first half of the year.
Friendtimes (06820) announced that, according to the preliminary evaluation of unaudited comprehensive management accounts and currently available data as of June 30, 2024, the group is expected to report revenue of approximately RMB 0.52 billion to RMB 0.53 billion for the six months ended, a decrease of about 14.6% to 16.2% year-on-year, and an increase of about 19.4% to 21.6% quarter-on-quarter. The group recorded a net loss of approximately RMB 69 million to RMB 79 million during the reporting period, a decrease of about 14.8% to 2.4% year-on-year. The main reason for the quarter-on-quarter increase in the group's revenue during the reporting period is: (1) Domestic simplified Chinese version of 'Floating Life Memories Linglong.'
Express News | FriendTimes Inc - Controlling Shareholder Purchased Aggregate of 4.1 Mln Shares of Co From 12 July to 18 July
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