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Value Convergence forecasts further net loss for FY'17

Hong Kong-based Value Convergence Holdings Ltd expects to report further net loss attributable to shareholders for the full year ended Dec. 31, 2017.

The company said Feb. 15 that the higher loss for the period is mainly attributed to a rise in net loss from the group's proprietary investment trading business as a result of the material increase in net loss from investments held for trading in 2017.

The company's net loss for the period ended Dec. 31, 2016, amounted to approximately HK$56.7 million.