Sunac China Holdings (HK:1918) has released an update.
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Sunac China Holdings Limited has issued a profit warning, indicating an anticipated loss of approximately RMB 15.0 billion for the first half of 2024, slightly less than the loss reported in the same period the previous year. The expected loss is attributed to reduced revenue from market downturns and provisions for contingent liabilities. Investors are cautioned to await the official financial results announcement due by the end of August 2024 before trading the company’s securities.
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