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  • September 18, 2014
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  1. Business - China Business - WEALTH

    Divorce costs developer Wu Yajun's crown as China's richest woman

    Posted Nov 21st 2012, 12:00am by Peggy Sito

    ... developer Longfor Properties, has lost her title as the richest woman in China following her divorce. Her stake in Longfor fell from 75.6 per cent to 45.4 per cent as a result of the split, the company disclosed on Monday. Wu and her husband of 20 years, Cai Kui, who founded Longfor together, filed for divorce on August 6. Wu's net worth is now estimated at US$4.2 billion, down from ...

  2. Business - China Business - STOCKS

    Surprise HK$3.09b cash call spurs investors to dump Longfor Properties

    Posted Sep 20th 2012, 12:00am by Peggy Sito

    ... of Longfor Properties yesterday fell 8.68 per cent following the mainland developer's unexpected HK$3.09 billion share placement announcement on Tuesday. Analysts said the latest placement, ... share placement was generally unexpected by the market," said Alan Jin, a property analyst at Japanese brokerage house Mizuho Securities. Longfor had been aggressive in buying land sites ...

  3. Business - China Business - PROPERTY

    Longfor Properties banks on lower profit margins in 2013

    Posted Aug 18th 2012, 12:00am by Peggy Sito

    ... Longfor banks on lower profit margins in 2013 Mainland developer Longfor Properties is confident about its business outlook even though it expects a drop in gross profit margin next year. ... area of Longfor's investment properties recorded a year-on-year increase of 8.1 per cent while its rental income from investment properties grew 34.8 per cent to 227 million yuan. Gross ...

  4. Longfor looks to south for land of more opportunity

    Posted Jun 25th 2012, 12:00am

    ... Paggie Leung in Chongqing paggie.leung@scmp.com Hong Kong-listed mainland developer Longfor Properties is seeking to expand its footprint into southern China where it is acquiring land ... and this could prompt the government to loosen its controls over demand for housing. Longfor would invest up to 10 per cent of its sales revenue in commercial properties every year because they could ...

  5. News - China

    Wu Yajun no longer China’s richest woman after divorce

    Posted Nov 20th 2012, 02:52pm by SCMP staff

    ... SCMP staff Divorce can be expensive for the rich. For the chairwoman of Longfor Properties Co., Wu Yajun, it means she is no longer the richest woman in China, Bloomberg reported on Tuesday. Wu had to pay 40 per cent of Longfor’s shares to her ex-husband Cai Kui, who co-founded the company with her in 1994. Wu’s net worth dropped to US$4.2 billion from US$7.3 billion, ...

  6. Property outlook brightens on PBOC cut

    Posted Jul 07th 2012, 12:00am

    ... developer by market value, said on Wednesday that contracted sales reached 13.3 billion yuan (HK$16.34 billion) last month, a 24 per cent jump from May. Longfor Properties reported a day later ... property market, analysts say, as they predict further gains for property stocks in the coming months. But they warned that any potential rise in housing prices could spark a swift response from ...

  7. Business - China Business

    Briefs, September 27, 2012

    Posted Sep 27th 2012, 12:00am by STAFF

    ... reported yesterday. Bien Perez   Longfor pays 1.47b yuan for Beijing site Longfor Properties beat two other bidders, including China Vanke, to win a residential site in Beijing for 1.47 billion ...

  8. Developers pin hopes on recovery in 2013

    Posted Mar 07th 2012, 12:00am

    ... throughout this year,' said an executive of another Hong Kong-listed mainland developer, Longfor Properties. Before developers see an improvement, they would try different methods to ensure ... construction and slowed the pace of land acquisition in the face of liquidity pressures. Rather than offering big price cuts, Longfor Properties would prefer to cut the size of its homes to make them ...

  9. Business - China Business

    Briefs, September 19, 2012

    Posted Sep 19th 2012, 12:00am by STAFF; WIRE

    ... Longfor seeks HK$5b from share sale Longfor Properties plans to raise up to HK$4.95 billion in a share sale to fund land acquisitions and day-to-day expenses, IFR reported. The firm is offering up to 400 million new shares in a range of HK$11.88 to HK$12.38, a discount to yesterday's close of HK$12.90. Reuters Fortescue gets US$4.5b in debt funding Fortescue Metals has lined ...

  10. Business - China Business - PROPERTY

    Chinese property stocks hit by talk of real estate tax

    Posted Aug 15th 2012, 12:00am by Yvonne Liu

    ... in June. The monthly sales of Longfor Properties slumped 32.4 per cent to 3.07 billion yuan (HK$3.76 billion) last month, while Shimao Property Holdings' sales fell 33.42 per cent to 4.02 ... Report of officials from over 30 cities being prepared for new regime sends shares down in key companies Mainland property stocks fell yesterday on speculation that the central government ...




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