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Longfor Group Shares Slide After Founder Resigns as Chair

Por: MarketWatch Business October 31, 2022

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Other Chinese property developers also weakened amid a prolonged downturn in the sector. China Vanke Co.'s Hong Kong-listed stock slid 8.3% after third-quarter net profit climbed 2.2% from a year earlier, slowing from the 11% rise in the first half. The Hang Seng Mainland Properties index declined 6.3%, while the benchmark Hang Seng Index was up 0.9%. Longfor said in a late Friday filing that Ms. Wu resigned as chairperson and executive... + full article



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