Lai Fung Holdings Forecasts Significantly Lower Losses

Lai Fung Holdings (HK:1125) has released an update.

Lai Fung Holdings has announced a projected decrease in its consolidated loss by at least 50% from the previous year, highlighting fair value gains on investment properties, reductions in operating and administrative expenses as key factors. The preliminary financial information is subject to review, with full audited results to be released on October 15, 2024. Shareholders and potential investors are cautioned to exercise care when trading in the company’s shares.

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