8 Followers HKEX:960 - Longfor Group Holdings Ltd Longfor Properties Co Ltd
Sector: Real Estate, Industry: Real Estate Development
Next Earnings: 16 Aug 2024
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HKD 11.06    +0.26 (+2.41%)

28 Mar 2024


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General

Headquarters: HK

Description

Longfor Group Holdings, or Longfor, is a privately owned real estate developer in China with contracted sales value placing it among the top 10 of all China’s developers. The company focuses on developing high-quality residential projects, as well as operating shopping malls and rental apartments in China’s wealthier cities. Property development represents the majority of Longfor’s revenue and gross profit, while income from commercial properties, property management, and project management services have been growing fast. At the end of 2022, Wu Yajun remained Longfor’s largest shareholder with an over 43% equity interest, while her ex-husband Cai Kui has a 23% stake.

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