CHINA VANKE Dives 4%+ at Open After Issuing Profit Warning, Expecting Interim Swing Into Loss of Up to RMB9B

　　CHINA VANKE (02202.HK) -0.020 (-0.445%) Short selling $22.41M; Ratio 21.654% opened 4.45% lower at $4.29 this morning (10 July), with 1.093 million shares traded in pre-market, involving $4.69 million.

　　The company issued a profit warning last night, expecting a net loss of RMB7 billion to RMB9 billion in 1H24, compared with a net profit of RMB9.87 billion in 1H23. In addition, the group's key management staff intends to raise RMB200 million of their own funds to voluntarily increase their holdings of VANKE's A shares (000002.SZ) -0.050 (-0.745%) within six months.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-09 16:25.) (A Shares quote is delayed for at least 15 mins.)