Day: April 13, 2024

Fang Announces Changes in Board of Directors and Management

Fang Announces Changes in Board of Directors and Management

BEIJING, April 13, 2024 (GLOBE NEWSWIRE) — Fang Holdings Limited (OTC: SFUNY) (“Fang” or the “Company”), a leading real estate Internet portal in China, today announced changes in its board of directors (the “Board”) and management. Change in Board of Directors Mr. Yu Huang (“Mr. Huang”), a director of the Board, has resigned from the Board, effective from April 13th, 2024. Mr. Huang’s resignation did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Fang thanks Mr. Huang for his efforts and contributions to the Company. Upon the effectiveness of Mr. Huang’s resignation, the Board will consist of five directors, including three independent directors. Changes in Management Resignation of Chief Financial Officer Mr....

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Madison Pacific Properties Inc. announces the results for the six months ended February 29, 2024

Madison Pacific Properties Inc. announces the results for the six months ended February 29, 2024

VANCOUVER, British Columbia, April 12, 2024 (GLOBE NEWSWIRE) — Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces the results of operations for the six months ended February 29, 2024. The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies. For the six months ended February 29, 2024, the Company is reporting net loss of $43.4 million (2023: net income of $23.0 million); cash flows generated from operating activities before changes in non-cash operating balances of $4.3 million (2023: $4.6 million); and loss per share of $0.73 (2023: income per share of $0.38). Included in net loss is a provision of $50.2 million (2023: $nil) for uncertain tax positions recognizing a tax liability for unpaid taxes, estimated interest...

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