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China Ever Grand Reports HK$26 Million Fair Value Loss

Story Highlights
  • China Ever Grand operates in the financial leasing industry, focusing on leasing services.
  • The company reported a HK$26 million loss due to underperformance and market value decline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Ever Grand Reports HK$26 Million Fair Value Loss

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China Ever Grand Financial Leasing Group Co., Ltd. ( (HK:0379) ) just unveiled an announcement.

China Ever Grand Financial Leasing Group Co., Ltd. announced a fair value loss of HK$26 million from its equity investment in Imagi Brokerage Limited. This loss was attributed to the underperformance of the brokerage’s core business and a decline in the market value of its securities investments, impacting the company’s valuation metrics.

More about China Ever Grand Financial Leasing Group Co., Ltd.

China Ever Grand Financial Leasing Group Co., Ltd. operates within the financial leasing industry, focusing on providing leasing services. The company is involved in equity investments and is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 770,302

Technical Sentiment Signal: Sell

Current Market Cap: HK$121.5M

For detailed information about 0379 stock, go to TipRanks’ Stock Analysis page.

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