On 3 August, 00226.HK announced that OUE Limited, a subsidiary of a major joint venture of the Company and listed on the Main Board of the Singapore Stock Exchange Limited, announced its unaudited consolidated financial results for the six months ended 30 June 2021 on this announcement date. Based on the Company's available information, it is expected that the Group may record a profit of not less than HK$150 million for the joint venture during the Period, compared with a loss of approximately HK$734 million for the six months ended 30 September 2020. The change was primarily due to gains on the fair value of the joint venture's financial assets during the period, compared to the fair value losses recognized on its investment properties in the prior period.
This article originated from Grand Gateway