Dragon King Group Anticipates Net Loss Between HK$14 Million and HK$16 Million for Fiscal 2025

Stock News
03/31

Dragon King Group has issued an announcement stating that, following further discussions with its auditor during the audit process and based on audit work completed by the auditor up to the date of this announcement, the board of directors hereby provides an additional update to shareholders and potential investors. The group expects to recognize a one-time non-cash gain of approximately HK$12 million from the deconsolidation of two subsidiaries. These subsidiaries, which previously operated as restaurants for the group in Whampoa and Kwun Tong, have been removed from consolidation after the Hong Kong High Court issued winding-up orders against them. Consequently, the group's anticipated loss for the fiscal year ending December 31, 2025, will be reduced by approximately HK$12 million compared to the figure disclosed in the previous announcement. The revised expected net loss is now projected to be between approximately HK$14 million and HK$16 million.

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