Grand Ming reports HK$292m net loss amid property impairments

Grand Ming Group reported a net loss of HK$292.1 million for FY 2024/25, reversing from the previous year's profit. The loss stemmed primarily from impairment losses on properties and fair value losses on investment properties.

The company faces net current liabilities of HK$3.77 billion as of March 31, 2025, and has breached certain bank loan covenants.