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  "documentTitle": "CPI Property Group (CPIPG)",
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  "notes": "Includes a translation of a Czech financial note and a specific inquiry into the reconciliation of GSG Berlin's financial performance.",
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      "text": "In 2023, the net equity value of GSG Berlin reported by CPIPG dropped from €3.718 billion at YE22 to just €311 million at YE23 – meanwhile reported profits doubled from €163 to €338 million.",
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      "text": "a. Why did the equity value of GSG Berlin decline by over 90% YoY? b. How do you reconcile the changes – including both the decrease in equity and increase in profits?",
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      "text": "In 2023, the net equity value of GSG Berlin reported by CPIPG dropped from €3.718 billion at YE22 to just €311 million at YE23 – meanwhile reported profits doubled from €163 to €338 million.",
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      "text": "Translation (emphasis added): In the framework of short-term obligations - controlled or controlled person, significant influence As of December 31, 2020, the Company reports obligations for the company CPI FIM SA due to unpaid interest on the loan in the amount of 2,146,000. CZK (2019 - CZK 1,890 thousand) and for the company CPI FIM SA due to real cash pooling in CZK and EUR, totaling 17,724 thousand CZK (2019 - by thousand CZK). — Muddy Waters Research",
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      "text": "9 Translation by Google translate 10 CPIPG 2023 management reports, pdf pg. 184",
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      "text": "Gewerbesiedlungs-Gesellschaft mbH Germany EUR 94.99% 74,768 74,768 74,768 74,768 311,042 338,091",
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      "text": "CPI FIM SA 19 910 1 890; CPI Services, a.s. 18 --; Celkem 19 928 1 890",
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      "kind": "title",
      "text": "Krátkodobé závazky – ovládaná nebo ovládající osoba, podstatný vliv",
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