Brief: Lippo China Resources Expects To Record Net Fair Value Loss Of About HK$20 Mln For HY
02/10/2019 13:26
Oct 2 (Reuters) - Lippo China Resources Ltd 0156.HK :
* EXPECTS TO RECORD A NET FAIR VALUE LOSS OF APPROXIMATELY
HK$20
MILLION FOR SIX MONTHS
* FAIR VALUE CHANGE WAS MAINLY DUE TO VOLATILE STOCK MARKETS
* ALSO EXPECTS THAT GROUP WOULD RECORD A NET FAIR VALUE LOSS
ON
INVESTMENT PROPERTIES OF NOT LESS THAN HK$50 MILLION FOR SIX
MONTHS
* EXPECTED FAIR VALUE LOSS ON INVESTMENT PROPERTIES DUE TO
SOFTENING PROPERTY MARKET IN HONG KONG
Source text for Eikon: urn:newsml:reuters.com:*:nHKSbdM97R
Further company coverage: 0156.HK
((Reuters.Briefs@thomsonreuters.com;))
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