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Hanison Construction Warns of Wider Full-Year Loss

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Hanison Construction (HKG:0896) expects a loss of between HK$880 million and HK$900 million for the year ended March 31, wider than HK$295.3 million a year prior, according to a Tuesday Hong Kong bourse filing.

The construction engineering company attributed the forecast mainly to a net loss on the disposal of a hotel, The Connaught, as well as a net revaluation loss on properties held by the company.

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