Cheung Wo International Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2015. For the year, the company expected to record a consolidated net loss attributable to the owners of the company of approximately HKD 620 million as compared with net loss attributable to owners of the company of approximately HKD 178 million for the year ended December 31, 2014. The major reasons are attributable to: (i) an impairment loss of an investment property of approximately recognised HKD 48.7 million; (ii) an impairment loss of assets from the property and hotel development business of approximately HKD 524 million recognised.
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- Cheung Wo International Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2015