The Board of Directors of Chasen Holdings Limited announced that based on the preliminary review and assessment of the unaudited management accounts of the Group for the financial year ended 31 March 2024 (FY2024), the Group is expected to report a consolidated net loss, including a non-recurring loss arising from the demolition of 18 Jalan Besut property to make way for the development of Chasen's new Integrated Logistics Hub on the amalgamated sites at 16 and 18 Jalan Besut in accordance with the Singapore Financial Reporting Standard (International) 1-16, Property, Plant and Equipment (SFRS(I) 1-16).