Hi Sun Technology Anticipates HK$141M Impairment Loss

Hi Sun Technology (China) Limited (HK:0818) has released an update.

Hi Sun Technology (China) Limited has informed its shareholders and potential investors that it expects to report a non-cash impairment loss of approximately HK$141 million due to the withdrawal of its spin-off application for Megahunt Technologies Inc. This loss, which is a preliminary estimate and subject to change, will be reflected in the company’s non-operating losses for the first half of the year ending June 30, 2024. Investors are advised to exercise caution when dealing in the company’s shares.

For further insights into HK:0818 stock, check out TipRanks’ Stock Analysis page.