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Hiap Hoe warns of second quarter net loss

Published on Aug 7, 2014 10:02 PM

SINGAPORE - Real estate group Hiap Hoe has warned of losses ahead.

In a statement to the Singapore Exchange, it expected to record a net loss for the second quarter ended June 30.

This is mainly attributable to:

* the expensing off of the stamp duty arising from the acquisition of its Australian property;

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