ITC Properties Reports Full Impairment Loss

ITC Properties Group Limited (HK:0199) has released an update.

ITC Properties Group Limited has issued a supplemental and clarification announcement to their annual results, highlighting a full impairment loss of HK$136,223,000 due to the Group’s inability to access financial information from its associate, Rosedale Beijing. The company has also corrected clerical errors related to its liquidity and financial position, revealing a significant loss and operating outflow for the year ended 31 March 2024.

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