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…
BRIEF: Gemdale Properties swings to massive loss
Commercial property developer Gemdale Properties Investment Corp. Ltd. (0535.HK) on Thursday reported it swung to a net loss of nearly 4.2 billion yuan ($579 million) last year from an 830…
BRIEF: Hong Kong property tycoon Lee Shau Kee dies at 97
Lee Shau Kee, founder of Henderson Land Development Co. Ltd. (0012.HK), died on Monday at the age of 97. Lee moved from his hometown of Shunde in South China’s Guangdong…
BRIEF: Sinolink posts 2024 profit on one-time gains
Property developer and financial investor Sinolink Worldwide Holdings Ltd. (1168.HK) said on Tuesday it recorded a profit last year, defying China’s property downturn, thanks to one-off gains. The company said…
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: Longfor’s January sales continue to fall
Real estate developer Longfor Group Holdings Ltd. (0960.HK) said on Tuesday its contracted sales in January totaled 4.46 billion yuan ($611 million), down 36% year-on-year and a 45% decline month-on-month.…
BRIEF: China Vanke pledges 18.3% of Onewo’s shares to Shenzhen Metro
China Vanke (2202.HK) has pledged about 210 million shares of its property management arm, Onewo Inc. (2602.HK), as collateral for a recent major loan from Shenzhen Metro Group, Onewo said…
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