Founder plunges to new low on profit warning

Founder Holdings (0418) tumbled to a 52-week low at the open losing 8.8% after saying that it expects "a substantial loss" for the six months ended June due to the drawback of its non-media systems integration business. Its shares lost 9.6 percent at HK$1.22 at HKT10:05a.m. Turnover was HK$702,380.

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