Man Sang International Projects Increased Losses

Man Sang International (HK:0938) has released an update.

Man Sang International Limited warns of a larger loss for FY2024, estimated between HK$550 million to HK$565 million, compared to the previous year, mainly due to non-cash impairment losses in the real estate sector. The company’s shares will continue to be suspended from trading on the Stock Exchange until the annual results are published. Shareholders and potential investors should exercise caution when dealing in the company’s securities.

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