Citic Pacific admitted in a statement Monday that it had realized a loss of 808 million Hong Kong dollars ($104 million), after it unwound some positions when the currency exposure was discovered in September, and warned that it may book a loss up to 14.7 billion Hong Kong dollars ($1.9 billion) when it marks the leveraged currency contracts to market at the end of 2008. The painful revelation forced Beijing-based Citic Group, which owns a 29% stake in its Hong Kong arm, to extend a standby loan of $1.5 billion to Citic Pacific.