GR Properties Limited provided preliminary unaudited consolidated earnings guidance for the six months ended June 30, 2020. The company Group is expected to record a loss attributable to Shareholders of not less than HKD 6 million for the six months ended 30 June 2020, as compared to the loss attributable to Shareholders of approximately HKD 3 million in the corresponding period in 2019. The increase in loss is mainly attributable to increase in finance costs for the period as a result of additional interest expense incurred on a quasi-loan equity contributed by a joint venture partner of a subsidiary, which was acquired in the second half year of 2019. The effect of the increase in finance costs for the period was partly offset by a remeasurement gain recognized upon transfer of certain properties held for sale to investment properties in the People's Republic of China during the six months ended 30 June 2020.