Brief: Chinese Estates Holdings Says During Year Disposed Of Certain Evergrande Shares In Open Market

Chinese Estates Holdings

07/01/2022 09:09

Jan 7 (Reuters) - Chinese Estates Holdings Ltd  0127.HK :
    * POST DISPOSAL OF SOME OTHER SECURITIES INVESTMENTS,
TREASURY
PRODUCTS, SEES FY NET REALISED LOSS OF ABOUT HK$1.50 BILLION 
    * DURING YEAR, GROUP THROUGH A SERIES OF TRANSACTIONS
DISPOSED OF
CERTAIN EVERGRANDE SHARES IN OPEN MARKET OF STOCK EXCHANGE
    * EXPECTED THAT A REALISED LOSS OF ABOUT HK$7.87 BILLION
WOULD BE
RECORDED AS OTHER COMPREHENSIVE EXPENSE FOR YEAR FROM DISPOSAL
    * SEES UNREALISED LOSS ON FAIR VALUE CHANGE OF ABOUT HK$3.05
BILLION AS OTHER COMPREHENSIVE EXPENSE FOR YEAR
    * SEES UNREALISED LOSS ON FAIR VALUE CHANGE BASED ON PRELIM
ASSESSMENT OF CLOSING PRICE OF REMAINING EVERGRANDE SHARES AT 31
DEC
    * DURING YEAR, GROUP RECOGNISED DIVIDEND INCOME FROM
EVERGRANDE
SHARES OF APPROXIMATELY HK$0.16 BILLION IN PROFIT OR LOSS


Further company coverage:  0127.HK 

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