Brief: Ground International Development Sees FY Net Loss Up To RMB1,750 Mln

China Changbaishan International Holdings

24/06/2020 13:28

June 24 (Reuters) - Ground International Development Ltd
 0989.HK :
    * ANTICIPATED THAT GROUP WILL RECORD A NET LOSS OF NOT LESS
THAN
RMB1,750 MILLION FOR YEAR
    * GROUND INTERNATIONAL DEVELOPMENT LTD SEES  REVENUE
DECREASE BY
OVER RMB400 MILLION FOR YEAR
    * EXPECTED NET LOSS DUE TO DECREASE IN FAIR VALUE OF GROUP'S
INVESTMENT PROPERTIES IN HK & PRC
    * GROUND INTERNATIONAL DEVELOPMENT LTD SEES  DECREASE IN
FAIR
VALUE OF INVESTMENT PROPERTIES IN HONG KONG AND PRC OF ABOUT
RMB189 MILLION FOR FY

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS3QK0Yk
Further company coverage:  0989.HK 

 (Reuters.Briefs@thomsonreuters.com)