Brief: Pan Asia Data Holdings Says Sees Substantial Loss Attributable For Year Ending 31 Dec

Pan Asia Data Holdings

02/12/2020 01:25

Dec 2 (Reuters) - Pan Asia Data Holdings Inc  1561.HK :
    * SEES SUBSTANTIAL LOSS ATTRIBUTABLE FOR YEAR ENDING 31 DEC
    * EXPECTED LOSS DUE TO DECREASE IN BUSINESS ACTIVITIES OF
GROUP'S
THIRD-PARTY PAYMENT SERVICES SEGMENT
    * PLANS TO ENGAGE INDEPENDENT VALUER TO REASSESS CARRYING
AMOUNT
OF INTANGIBLE ASSETS FOR THIRD-PARTY PAYMENT BUSINESS AFTER DEC
31
    * ANTICIPATES IT WILL RECORD SUBSTANTIAL IMPAIRMENT LOSSES
ON
GROUP'S INTANGIBLE ASSETS, INCLUDING GOODWILL

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1202/2020120200011.pdf
Further company coverage:  1561.HK 

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