Longfor Properties is a Beijing based company involved in property development and investment. Apart from Beijing, it has operations in Changzhou, Chengdu, Chongqing, Hangzhou, Qingdao, Shenyang, Shanghai, Xi’an and Wuxi.
Longfor Properties said net attributable profit rose slightly to 3.85 billion yuan, in the first half of this year and was cautiously optimistic about prospects for the sector despite government attempts to rein in property prices.Tuesday, 20 August, 2013, 3:47am
Wu Yajun, the multibillionaire chairwoman of Hong Kong-listed mainland developer Longfor Properties, has lost her title as the richest woman in China following her divorce.21 Nov 2012 - 3:33am
Real Gold Mining's debt restructuring okayed
Real Gold Mining, suspended from Hong Kong trading since May last year following a report about accounting irregularities, said 84 per cent of its public shareholders approved an agreement to restructure debt owed to it by Wu Ruilin, who, with associates, controls 41.2 per cent of the gold producer. Bloomberg
27 Sep 2012 - 3:25am
Shares of Longfor Properties yesterday fell 8.68 per cent following the mainland developer's unexpected HK$3.09 billion share placement announcement on Tuesday.20 Sep 2012 - 4:00am
Mainland developer Longfor Properties is confident about its business outlook even though it expects a drop in gross profit margin next year.
"Gross margin will drop next year as the overall housing market slows this year," Longfor chief financial officer Wei Huaning said.
The group's overall gross margin was 46.1 per cent in the first six months of this year.18 Aug 2012 - 3:10am
Hong Kong-listed mainland developer Longfor Properties is seeking to expand its footprint into southern China where it is acquiring land sites for new projects.
'We have been buying land plots since the beginning of this year and continue to do so,' Longfor chief executive Shao Mingxiao said.
'We are buying not in a lavish but a cautious manner.'25 Jun 2012 - 12:00am
Mainland property developers are expected to unveil a mixed bag of first-half earnings this week - with the balance sheets of some developers affected by austerity measures aimed at curbing demand.
And while major developers had so far weathered the policy measures quite well, the second half of the year could see their earnings under pressure, analysts said.15 Aug 2011 - 12:00am