Cheung Wo International Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2014. For the year, the company expects that the Group may record an enlarged loss of approximately 275%, as compared to the net loss attributable to owners of the company of HKD 65.6 million for the year ended December 31, 2013. The enlarged loss for the Group is primarily attributable to the impairment loss of goodwill of approximately HKD 199.6 million, which was contributed to the Group's property development and hotel business in Xiangtan, Hunan Province, China.
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- Cheung Wo International Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2014