BRIEF: Powerlong Commercial profit plunges on weak property market
Property manager Powerlong Commercial Management Holdings Ltd. (9909.HK) said it expects to report that its net profit for 2024 fell between 50.4% and 60.9% from 2023, according to a profit…
Dalu chases rich valuation on high margins in weak real estate market
The regional property manager has filed for a Nasdaq IPO that would value it at about $100 million and give it a far higher P/E ratio than most of its…
BRIEF: Jiayuan Services moves toward trading resumption with interim, annual results release
Property manager Jiayuan Service Holdings Co. Ltd. (1153.HK) on Thursday announced its results for all 2022 and 2023, and the first half of 2024, fulfilling several requirements before its shares…
BRIEF: Country Garden to sell remaining Zhuhai Wanda stake
After selling back 1.49% of Zhuhai Wanda's shares to Dalian Wanda last month, struggling property developer Country Garden Services Holdings Co. Ltd. (6098.HK) announced on Tuesday that it would sell…
Fourth time lucky? Shum Yip Property files new IPO application
A successful Hong Kong listing for the property manager could reflect growing confidence in a long-awaited recovery for China’s ailing real estate market Key Takeaways: Shum Yip Property has filed…
Dalian Wanda digs its way out of rubble of failed property management IPO
The former real estate titan is negotiating new terms with pre-IPO investors after its Zhuhai Wanda property management unit missed a 2023 deadline to list in Hong Kong Key Takeaways:…
FAST NEWS: Onewo announces HK$632 million share repurchase
The latest: Onewo Inc. (2602.HK) on Tuesday announced a plan to repurchase up to HK$632 million ($81 million) worth of its shares in the open market. Looking up: Such share…
