2024-03-13 09:35:00 ET
Summary
- Legend Holdings warned that it would post a net loss of up to 4 billion yuan for 2023, a major negative swing from its 1.17 billion yuan profit in the previous year.
- Its listed subsidiaries posted revenue and profit declines in the first nine months of 2023, while its losses from investments in startups may have widened.
- As things stand now, investors may be better off putting their money in Legend’s profitable publicly listed companies rather than into the group itself.
The investment holding company warned it will post a large loss for 2023, as losses from some assets may outweigh declining profits at others ...
Read the full article on Seeking Alpha
For further details see:
Legend Holdings Shows Diversification Isn't Always A Winning Formula