Hua Yin International (HKG:0989) expects a minimum consolidated loss attributable to owners of 590 million yuan for the six months ended Sept. 30, wider than 79.9 million yuan logged for the same period last year, a Thursday Hong Kong bourse filing said.
The property development and management company attributed the loss to a further write-down of properties under development of 564.7 million yuan related to the group's cultural tourism project, Ground Pine Township International Resort in Fusong County.
The debt related to the development of the mentioned project and the required funding were also attributed to the loss of the company during the reporting period.
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