Tan Chong warns of unrealised loss in FY2024

The company expects a loss of $29m.

Tan Chong International expects to report an unaudited unrealised loss of $29m for FY2024, compared to an audited unrealised gain of $270m for FY2023.

The loss is attributed to share price changes in its listed investments, which are marked to market and remain unrealised.

The company plans to release its final financial results by March.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

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