By Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(incorporated in Bermuda with limited liability)
(stock code: 1003) PRICE SENSITIVE INFORMATION PROJECTED LOSS FOR 2011
This announcement is made by the Company pursuant to Rule
13.09 of the Listing Rules.
The Board wishes to inform the Shareholders and potential
investors that the Group is expected to record a substantial
loss for the year ended 31 December 2011.
This announcement is made by 21 Holdings Limited (the
"Company") pursuant to Rule
13.09 of the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong
Limited (the "Listing Rules").
The board of directors of the Company (the "Board") wishes to
inform the shareholders of the Company (the "Shareholders")
and potential investors that based on the management's
preliminary assessment of the management accounts and
information currently available, the Company and its
subsidiaries (the "Group") is expected to record a
substantial loss for the year ended 31 December 2011. The
Board considers that the loss is principally due to the
possible impairment loss on goodwill and intangible assets
mainly relating to acquisition of the real estate agency
business in the People's Republic of China (the "PRC") as a
result of the downward revision of revenue forecast.
* for identification purpose only
1
The real estate market in the PRC showed sign of further
slowdown under the government's continued restrictive
policies and further credit tightening in the second half of
2011. The continuous declining real estate sales volume in
the PRC had dampened the business strategy of the developers
who had become less optimistic on sales forecast and more
cautious with land purchase as well as spending on project
preparation. The Company believes that this poor market
sentiment has and will continue to adversely affect the
performance to its real estate agency business in the PRC and
thus, the growth rate of revenue in this business sector
would have to be revised downward in the following years as
compared to those previously expected.
The information in this announcement is based on the
preliminary assessment by the management of the Company after
reviewing and considering the unaudited management accounts
of the Group. The audited consolidated results of the Group
for the year ended
31 December 2011 have not been finalised and are subject to
review by the auditors of the Company and thus the Board is
not in a position to assess the exact financial implication
at this stage. The annual results announcement of the Company
is expected to be published on or before 31 March 2012.
By Order of the Board
21 Holdings Limited Ng Kai ManChairman
Hong Kong, 13 January 2012
As at the date of this announcement, the Board comprises Mr. Ng Kai Man (Chairman) and Mr. Cheng Yuk Wo as executive Directors and Mr. Lui Siu Tsuen, Richard, Mr. Ding Chung Keung and Ms. Cheung Sze Man as independent non-executive Directors.
2
| distribué par | Ce noodl a été diffusé par 21 Holdings Ltd et initialement mise en ligne sur le site http://gftholdings.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-13 13:31:12 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| PRICE SENSITIVE INFORMATION PROJECTED LOSS FOR 2011 (in PDF) |
