Brief: Tai Twun Discloses Losses Of $54.8 Million Incurred From Fund Investments

Tai Twun Enterprise

31/03/2023 05:51

March 31 (Reuters) - Tai Twun Enterprise Co Ltd
 3432.TW :
    * SAYS IT AND UNIT HAD LOSSES OF $54.8 MILLION INCURRED FROM
INVESTMENTS OF FOUR FUNDS.
    * SAYS THESE FUNDS ARE SPECTRA SPC POWERFUND, ASIAN
STRATEGIC LONG
TERM FUND, ASIAN STRATEGIC ORIENT FUND AND LONGCHAMP ABSOLUTE
RETURN UNIT TRUST FUND.
    * SAYS REASONS GIVEN FOR THE LOSSES INCLUDED "AN END TO THE
REDEMPTION OF ALL CAPITAL FROM FUNDS."

Source text for Eikon:  ID:nMOP9g94Sv 
Further company coverage:  3432.TW 

 (Reporting by Faith Hung)
 ((faith.hung@thomsonreuters.com;))