Interchina Holdings warns of further loss

A substantial increase in net loss is expected.

The board of directors of Interchina Holdings Company Limited announced that the Group is expected to record a substantial increase in net loss for the six months ended 30 September 2012 as compared to the loss of the Group for the six months ended 30 September 2011.

Based on the information currently available to the Board, the anticipated increase in the loss for the six months ended 30 September 2012 was mainly attributable to:

1. a revaluation loss arising on change in fair value of the Group’s investment properties will be recorded for the period as compared to a revaluation gain for the same period last year;
2. a possible impairment loss recognised in respect of trade and loan receivables due to cessation of the Group’s securities dealing and brokerage operation in July 2012.