SEA HOLDINGS (00251) is expected to significantly reduce its annual losses.

SEA HOLDINGS (00251) announced that the expected loss for the year ending December 31, 2024 is approximately HK$140 million, a significant decrease from the loss of HK$854 million for the year ending December 31, 2023. The significant decrease in expected loss for the year ending December 31, 2024 is mainly due to a significant decrease in fair value loss on investment properties in the UK; and no impairment loss on listed debt securities.