[ET Net News Agency, 13 November 2018] Global Strategic Group Limited (08007) said the
group is expected to record a loss of HK$56.4 million for the nine months ended 30
September 2018, a year-on-year increase of 101.43%.
The accumulated losses were due to the selling and distribution costs and finance cost
incurred by Yichang Biaodian Natural Gas Utilization Co., of which 49% equity interest was
acquired by the group in February 2016, as well as the exchange difference arising from
the translation of functional currency to presentation currency. (RC)