2 stories mentioning HKG:0899Updated 12d ago
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Zhong Jia Guo Xin (HKG:0899) expects its attributable consolidated net loss for the year ended March 31 to be between HK$170 million and HK$190 million, narrower than a loss of HK$451.5 million a year earlier, according to a Thursday Hong Kong bourse filing.The investment holding company attributed the forecast to smaller fair value loss on investment properties and lower impairment provisions on associates, among others.
Zhong Jia Guo Xin (HKG:0899) agreed to sell a portfolio of bottled water and beverage production machinery to Taizhou Zheli Materials, according to a Wednesday filing with the Hong Kong bourse.The property developer's shares gained nearly 6% in morning trade Thursday.The company is selling the assets for HK$6.6 million, and expects to record a gain of HK$6.3 million on the sale.Proceeds from the sale will be used for general working capital.The assets to be disposed do not meet the current production and environmental standards of the company, the firm said.
