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Public company info - Core Economy Investment Group Limited , 00339.HK

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Core Economy Investment Group Limited, 00339.HK - Company Profile
Chairman SUN Bo
Share Issued (share) 240,000,000
Par Currency Hong Kong Dollar
Par Value 0.02
Industry Investments & Assets Management
Corporate Profile Business Summary: The group engaged principally in investment and trading of listed and unlisted securities. Performance for the year: During the year, the Group recorded a revenue of approximately HK$619,000 (2019: Approximately HK$195,000), proceeds from disposals of listed equity securities of approximately HK$40,317,000 (2019: Approximately HK$263,000), loss attributable to owners of the Company approximately HK$9,091,000 (2019: Approximately HK$11,182,000) and basic loss per share of HK$0.049 (2019: HK$0.069). Business Review Last year the pandemic crisis triggered significant selloff in stock market. Challenges to the movement of goods and people have severely disrupted industrial and commercial activity and led to major shifts in patterns of consumer demand. Thanks to global government economic stimulus package, the stock market performance is better than expected. People take this as onetime event, global economy will gradually walk out from the impact of COVID-19 with the launch of vaccines. Nonetheless, the Group still need to monitor the market carefully when making investment decision. the Group will continue to diversify the investment portfolio and create value for shareholders of the Company. The Group’s portfolio of listed securities as at 31 December 2020 consisted of Alibaba Group Holding Limited, Tencent Holdings Limited, CK Hutchison Holdings Limited, PetroChina Company Limited – A Shares, China Petroleum & Chemical Corporation – A Shares, Alibaba Group Holding Limited – ADR, Lufax Holding Ltd, CK Asset Holdings Limited, Ping An Insurance (Group) Company of China Ltd. – A Shares, China Pacific Insurance (Group) Co., Ltd., The Wharf (Holdings) Limited, Sunac China Holdings Limited, New Silkroad Culturaltainment Limited, JD.com, Inc., New China Life Insurance Company Ltd., China Taiping Insurance Holdings Company Limited, Blue Moon Group Holdings Limited, Ming Yuan Cloud Group Holdings Limited, China Life Insurance Company Limited, HSBC Holdings Plc, Tianjin Development Holdings Limited, JD Health International Inc. and Sunac Services Holdings Limited. Prospects: Having mentioned in “Business Review” section, the market is experiencing a tumultuous in short run. The Group expect the global economy will be full of challenge in future. The management of the Group will adopt a conservative approach in managing the existing investments in accordance with the Group’s investment objectives and policies. On the other hand, the Group will continue to seek and evaluate good investment opportunities to enrich the investment portfolios, aiming to maximise the return for the shareholders of the Company.

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