Emperor International Holdings Limited (HK:0163) has released an update.
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Emperor International Holdings Limited reported a significant increase in property development revenue, jumping 555.2% to HK$81.9 million, despite an overall loss of HK$1,042.3 million due to a fair value loss on investment properties. The company successfully sold all units of its One Jardine’s Lookout project, amassing sales contracts worth approximately HK$1,000 million, driven by favorable market sentiment following interest rate cuts.
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