Shares of Chinese Estates Holdings have taken a hit in the past year due to its holdings in China Evergrande.  Photo: Bloomberg
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

Topic |   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
Shares of Chinese Estates Holdings have taken a hit in the past year due to its holdings in China Evergrande. Photo: Bloomberg
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