Brief: Carnival Group International Holdings Sees FY Substantial Loss Of More Than HK$3,000 MLN

Carnival International Holdings

25/03/2019 01:31

March 25 (Reuters) - Carnival Group International Holdings
Ltd  0996.HK :
    * GROUP EXPECTS TO RECORD SUBSTANTIAL LOSS OF MORE THAN
HK$3,000
MILLION FOR YEAR ENDED 31 DECEMBER 2018
    * NOTED DECREASE IN PRICE AND INCREASE IN TRADING VOLUME OF
SHARES
OF COMPANY ON 20 MARCH 2019
    * EXPECTED LOSS FOR YEAR MAINLY DUE TO AMONG OTHER THINGS
MPAIRMENT LOSS ON PROPERTIES OF ABOUT HK$610 MILLION
    * CO WAS INFORMED ABOUT  FORCED SALE OF 1.04 BILLION SHARES
OF CO
HELD BY BETTER JOINT, GLORY MERIT AND ELITE MILE ON 20 MARCH
    * ALSO NOTED THAT NO. OF SHAREHOLDING REPORTED IS NOT
CONSISTENT
WITH DISCLOSURES FILED BY KING AND COS CONTROLLED BY KING
    * SAVE AS DISCLOSED, BOARD IS NOT AWARE OF ANY INSIDE
INFORMATION
THAT NEEDS TO BE DISCLOSED
    * APPLIED FOR RESUMPTION OF TRADING IN SHARES AND DEBT
SECURITIES
OF CO WITH EFFECT FROM 9:00 A.M. ON MONDAY, 25 MARCH

Source text for Eikon:  ID:nHKSbM5T1F 
Further company coverage:  0996.HK 

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