Kai Yuan Holdings Limited provided earnings guidance for the year ended 31 December 2021. For the year, the Group is expected to record a loss attributable to owners of the Company of not less than approximately HKD 160.0 million (for the twelve months ended 31 December 2020: approximately HKD 332.9 million). The expected loss for the year is mainly attributable to the provision of impairment of approximately HKD 8.3 million on the investment in the Associate; the provision of the expected credit loss of approximately HKD 103.6 million on the loan granted to the Associate; the share of loss of approximately HKD 25.5 million from the Associate for the year ended 31 December 2021; and the record of the fair value loss of approximately HKD 9.6 million from the unsecured convertible bonds invested by the Company.
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5-day change | 1st Jan Change | ||
0.015 HKD | 0.00% |
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0.00% | -21.05% |
Apr. 26 | Kai Yuan's Losses Shrink 17-Fold in 2023 | MT |
Mar. 25 | Kai Yuan Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
1st Jan change | Capi. | |
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-21.05% | 24.55M | |
-1.74% | 1.07B | |
+1.69% | 55.08M |
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