China Renji Medical Group (HKG:0648) has warned that it expects a substantial loss in financial statements for the financial year ended 31 December 2011 due to possible impairment loss recognised on the underlying assets (comprising intangible assets and property, plant and equipment) of the company's medical network including, among others, medical assets lacking the necessary licenses which had led to the disclaimers of audit opinion on the company's financial statements for each of the two years ended 31 December 2010.

The company plans to announce its 2011 annual results by the end of this month.

Trading in the company's shares remains suspended.