[ET Net News Agency, 14 August 2019] China Renaissance Holdings Limited (01911) said
the group expects to record a profit attributable to owners of the company of US$26.1
million for the six months ended 30 June 2019, as compared to a loss of US$149.2 million
for the corresponding period in 2018.
Such turnaround is mainly attributable to US$187.8 million of change in fair value of
convertible redeemable preferred shares for the six months ended 30 June 2018. The
relevant convertible redeemable preferred shares were fully converted to the company's
ordinary shares immediately prior to the listing of the company on 27 September 2018, and
such change in fair value was a one-off non-operational event for listing. As such, there
was no similar accounting loss resulting from changes in fair value of convertible
redeemable preferred shares after the listing date. (RC)
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01911 CR HOLDINGS
Nominal 
7.270 0.000 (0.000%) Others
14/08/2019 16:11
CR Holdings (01911) sees interim net turn to black
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