Summary by Moomoo AI
CHINA MANTIAN HOLDINGS LIMITED (“CHINA MANDAN”) ISSUED A PROFIT WARNING, EXPECTING TO RECORD A NET LOSS OF APPROXIMATELY HK$46 MILLION FOR THE NINE MONTHS ENDED DECEMBER 31, 2023, AND A LOSS OF APPROXIMATELY HK$28 MILLION FOR THE FULL FISCAL YEAR. The loss was primarily due to a non-cash impairment loss on goodwill from the acquisition of Kwan Yuen Ltd., as well as the prior investment of newly opened restaurants in the Greater Bay Area. The Company notes that these financial data have not yet been reviewed or reviewed by auditors or audit committees and may be subject to adjustment. CHINA MANDAN WILL ANNOUNCE ITS ANNUAL RESULTS ON 27 MARCH 2024 TO REMIND SHAREHOLDERS AND POTENTIAL INVESTORS TO EXERCISE CAUTION WHEN BUYING AND SELLING SHARES.