On July 28丨Pacific Network (0543.HK) fell more than 8% to HK$0.63, with a total market capitalization of HK$715.4 million. The company announced yesterday that the Group expects its cash position to remain satisfactory, but the net loss due to the acquisition of equity holders in the six months ending June 30, 2023 is between RMB 35 million and RMB 45 million, compared to a net loss of about RMB 10.2 million for the same period in 2022. The board believes that the expected losses are mainly due to increased advertising competition in the automotive industry and continuous changes in marketing models.
港股异动丨太平洋网络跌超8% 预计中期净亏损约3500万-4500万元
Changes in Hong Kong stocks: Pacific Network falls more than 8% and expects a net loss of about 35 million to 45 million yuan in the medium term
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