On June 26, Gelonghui reported that Kingkey Financial International opened at a low of 13.16% at HKD 0.132. As for news, the announcement was released that the group is expected to have a net loss of no more than HKD 700 million for the fiscal year ending March 31, 2024, while it had a net loss of approximately HKD 1.163 billion for the fiscal year ending March 31, 2023. The expected losses are mainly due to the impairment losses recognized on goodwill, intangible assets, and usage rights assets of HKD 228 million, HKD 492 million, and HKD 2 million, respectively, for the fiscal year ending March 31, 2024. This is due to the adjustment made in response to the assumption that Forbes Global Alliance (Hong Kong) will no longer hold the intellectual property rights to use related trademarks in designated areas since receiving notice in February. Further adjustments to the group's financial performance due to the impact of the notice will be reflected in the mid-term performance announcement of the group ending September 30, 2024.
港股异动丨发盈警，京基金融国际低开超13%
HK stocks abnormal | Kingkey Financial International opens more than 13% lower after issuing profit warning.
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