Brief: Chinese Estates Says Disposed Certain Investments & Treasury Products During Course Of Business

Chinese Estates Holdings

03/01/2020 10:36

Jan 3 (Reuters) - Chinese Estates Holdings Ltd  0127.HK :
    * CHINESE ESTATES HOLDINGS SEES UNREALISED LOSS ON FAIR
VALUE
CHANGE OF ABOUT HK$1.6 BILLION TO BE RECORDED AS OTHER
COMPREHENSIVE EXPENSE FOR YEAR
    * DURING COURSE OF BUSINESS, GROUP DISPOSED OF CERTAIN
SECURITIES
INVESTMENTS AND TREASURY PRODUCTS
    * AS RESULT OF DISPOSAL, ESTIMATE NET REALISED GAIN OF ABOUT
HK$183.5 MILLION
    * EXPECTED LOSS ON FAIR VALUE CHANGE OF ABOUT HK$1.6 BILLION
FOR
FY FOR  EVERGRANDE SHARES
    * DURING YEAR, GROUP DISPOSED OF CERTAIN SECURITIES
INVESTMENTS
AND TREASURY PRODUCTS WHICH MAINLY COMPRISED BONDS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS3ldvMz
Further company coverage:  0127.HK 

 (Reuters.Briefs@thomsonreuters.com)