Trans-China Automotive (SGX:VI2) said that the company is expected to report a "materially larger" net loss for the first half of the year, verus a year ago, according to a filing with the Singapore Exchange on Tuesday.
The company attributed this to weak Chinese economy and soft consumer sentiment in China that impacted car purchases and competitive conditions in the auto sector.
The company is expected to publish its financial results by Aug. 14.
Shares of the high-end luxury vehicles provider slumped around 11% in recent trading.
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