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The "Hong Kong Building" in Nine Dragons Mountain "Rich Man. Summit" sold a poolside detached house for a Fill Price of over 0.135 billion yuan.
The property "REGAL INT'L . Mountain Peak" at 23 Lai Ping Road, Kau To Shan, Sha Tin, jointly developed by Bailebao Group (00617.HK) and REGAL INT'L (00078.HK), has recorded another transaction, selling a standalone house with a swimming pool through a bidding process. The Fill Price exceeded 0.135 billion yuan, with a price per square foot of about 44,648 yuan, including two parking spaces, with a transaction period of 150 days. This transaction pertains to standalone house number 20, which spans five floors from the basement to the rooftop, with a usable area of 3,024 square feet and a garden area of 1,834 square feet. The entrance on the ground floor features a front garden, the rear garden includes a private swimming pool, and the house is equipped with a private lift that goes directly to the basement parking.
ANNOUNCEMENT OF 2024 GROUP FINAL RESULTS
The profit warning from Wealthy International (00078.HK) forecasts that last year's net loss expanded to 2.598 billion yuan.
Rich International (00078.HK) issued a profit warning, expecting a net loss of 2.598 billion yuan for the 2024 fiscal year, compared to a loss of 1.792 billion yuan in the previous year. This is mainly due to Hold COSMOPOL INT'L (00120.HK) investment fair value losses; and the need to account for depreciation expenses for hotel properties in Hong Kong.
REGAL INT'L (00078.HK) expects an annual net loss of about 2.598 billion Hong Kong dollars.
On March 21, Glonghui announced that REGAL INT'L (00078.HK) expects to record a net loss of approximately HKD 2,598,000,000 for the year ending December 31, 2024, compared to a loss of HKD 1,791,900,000 recorded last year. During the year, the group's hotel business operations in Hong Kong remained stable, with hotel net income expected to increase by about 10% compared to 2023. The total gross profit from the group's Operating Business is expected to be approximately HKD 688,000,000, compared to HKD 652,300,000 achieved in 2023.
REGAL INT'L (00078.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
On March 14, Gelonghui announced that REGAL INT'L (00078.HK) will hold a Board of Directors meeting on March 28, 2025 (Friday) to approve the annual performance of the group (including the company and its subsidiaries) for the year ended December 31, 2024, and other related matters.
REGAL INT'L: DATE OF BOARD MEETING