Ta Yang Group Holdings Limited (HK:1991) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ta Yang Group Holdings Limited has announced a reduction in net loss to an estimated HK$85 million to HK$95 million for 2023, down from HK$99 million the previous year, primarily due to increased revenue from the acquisition of Beijing Jusheng and expansion of their retail network in the UK. Despite this positive development, the company’s shares will remain suspended from trading until the publication of the 2023 Annual Results and compliance with additional resumption guidance from the Stock Exchange.
For further insights into HK:1991 stock, check out TipRanks’ Stock Analysis page.