SkyOcean International Holdings Limited provided earnings guidance for the year ended December 31, 2015. The board of directors of the company announced that the group is expected to record a profit attributable to the Shareholders of approximately HKD 550 million for the year ended December 31, 2015 as compared to a loss attributable to the Shareholders of approximately HKD 143.6 million for the year ended December 31, 2014. The expected profit is primarily attributable to (i) the significant gains on fair value change of the group's investment properties in Beijing, the People's Republic of China; and (ii) the sales of the newly completed commercial units in the group's property project (namely the fourth generation SkyOcean City Urban Complex Project) located in Qian'an, Hebei Province, the People's Republic of China.
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