Brief: Bauhaus International (Holdings) Says Net Loss For Year Is Expected To Increase To About HK$140 Mln To HK$210 Mln

Bauhaus International (Holdings)

29/05/2020 16:15

May 29 (Reuters) - Bauhaus International (Holdings) Ltd
 0483.HK :
    * NET LOSS FOR YEAR IS EXPECTED TO SIGNIFICANTLY INCREASE TO
ABOUT
HK$140 MILLION TO HK$210 MILLION
    * EXPECTED RESULT DUE TO  CLOSURE OF GROUP'S MAINLAND CHINA
BUSINESS
    * ALL EXECUTIVE DIRECTORS OF CO TO TAKE A PAY CUT BY 25%
FROM
APRIL TO JUNE 2020
    * SALARIES FOR ALMOST ALL OTHER STAFF WILL BE FROZEN FOR
YEAR
ENDING 31 MARCH 2021

Source text for Eikon:  ID:nHKS76hgKX 
Further company coverage:  0483.HK 

 ((Reuters.Briefs@thomsonreuters.com;))