Top Spring attributes the wider losses to the impairments of certain investments in associates amounting to some HK$110 million; fair value losses on investment properties at between HK$1.2 billion to HK$1.3 billion instead of fair value gains in the preceding year.
Metro Holdings warns that its Hong Kong-listed associate Top Spring International Holdings will see a wider loss for its FY2024.
For the year ended Dec 31 2024, Top Spring, a China-based developer, expects to record a net loss of HK$2 billion, from HK$900 million reported for the preceding FY2023.
