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LONGFOR GROUP Chen Xuping: 2026 Target 'Full Repayment' of All Related Debts; Overall CN Property Mkt Expected to Stabilize
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LONGFOR GROUP (00960.HK) held an online results meeting where Chairman and CEO Chen Xuping said that both the macroeconomy and the property industry have undergone significant changes. With the central government's policies to stabilize the property market showing effectiveness, the second-hand market in China's popular cities has shown signs of stabilization YTD, and new residential projects strategically located recorded strong sales. He expected that the overall real estate market will achieve the goal of 'stopping the decline and stabilizing' this year. LONGFOR GROUP is focusing on optimizing its debt structure ,and established debt safety and growth driven by positive operating cash flow as the core development strategy of the Company, Chen added. He emphasized that the Group's 2026 goal is to 'fully repay' all related debts and continue to reduce liabilities. AASTOCKS Financial News Website: www.aastocks.com |
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