Shenwan Hongyuan (H.K.) Limited (HK:0218) has released an update.
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Shenwan Hongyuan (H.K.) Limited anticipates a reduced consolidated loss after tax for the first half of 2024, projecting a decrease of 44% to 51% from the previous year. This improvement comes despite challenges like geopolitical tensions and stricter global monetary policies affecting the Hong Kong capital market’s recovery. The company’s ongoing business operations remain stable and sound, with actual results pending the completion of their financial review.
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