Shares of Chinese Estates Holdings have taken a hit in the past year due to its holdings in China Evergrande. Photo: Bloomberg
Chinese Estates to post US$190 million loss as disposal of China Evergrande shares weighs heavily on bottom line
- It is Chinese Estates’ biggest loss since 2010 when it lost HK$8.85 billion (US$1.1 billion)
- Company says loss of about HK$7.87 billion from the disposal of shares in China Evergrande would be recorded as ‘other comprehensive expense’ for the year
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China Evergrande Group
Shares of Chinese Estates Holdings have taken a hit in the past year due to its holdings in China Evergrande. Photo: Bloomberg
