China Concept Shares: Longfor Group Holdings Limited (LGFRY)

Longfor Group Holdings Limited（ OTCPK :LGFRY、LNGPF、 HKEx : 0960) was founded in 1993, formerly known as Longfor Properties Co. Ltd., and changed to its current name in June 2018, Headquartered in China Beijing, 35048 full-time employees, Longhu Group is an investment holding company engaged in real estate Develop, invest and manage business.

The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

Longfor Group Holdings Limited (LGFRY)

Longhu Group is a Chinese real estate development company. It was founded in Chongqing in 1993 and moved to Beijing. Its main business is to develop high-end residential and commercial properties in various parts of China to build luxury houses and villas. Longhu Group's business covers multi channel businesses such as real estate development, commercial investment, rental housing, space services, and smart building, and actively tests innovative fields such as water, medical care, production and city. At present, its business has spread to more than 100 cities nationwide. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

Longhu Group operates through property development; Property Investment; Property Management and Related Services and Others. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

The real estate development department of Longhu Group develops and sells office and commercial premises and residential properties. The property investment division leases investment properties, including shopping malls and rental houses. Property management and related services and other divisions provide property management and related services, and hotel Business and other activities. Longhu Group also provides space, housing agency and housing decoration services. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

Longfor Group Holdings Limited (LGFRY) History Encyclopedia

In 2000, Longhu Real Estate entered the field of commercial real estate for the first time. In 2003, Beicheng Tianjie, located in Chongqing, was opened, which was the first Tianjie style shopping center of Longhu Real Estate in China (Longhu Tianjie). The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

In November 2009, Longhu Real Estate launched a public offering in Hong Kong, raising up to HK $7.1 billion Temasek Holdings 、 Singapore Government Investment Corporation BOCGI, Ping An Insurance and Hong Kong Land are basic investors. Soros' fund also subscribed for Longhu Real Estate with HK $200 million. Longhu Real Estate on November 19 Hong Kong Stock Exchange It was listed and closed at 8.01 yuan, up 13.3% from 7.07 yuan. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

Longhu Real Estate announced on August 15, 2011 that Wu Yajun will only serve as the chairman of the board of directors, while Shao Mingxiao will appoint the CEO. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

In 2012, Longhu announced that Mr. Fang Shengtao, the former executive director, member of the Remuneration Committee and chief human resources officer of the company, would resign from his position and become the company's strategy and human resources management consultant. Longhu Real Estate signed a contract with Hong Kong Branch of China Construction Bank Co., Ltd. in June to settle in Jinjiang, Fujian, and would settle in Chidian South Area, which is under reconstruction. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

In 2013, Zou Moyuan, the marketing director of Longhu Group, will join Jiazhaoye as the assistant to the president and take full charge of the group's marketing work. Longhu Real Estate Co., Ltd. carried out relief operations within 24 hours after the Sichuan Lushan earthquake. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

In 2014, the 2014 strategy conference of Longhu Real Estate was held in Chongqing, and the first property APP developed by Longhu Real Estate will be launched in March. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/lgfry.html

On May 16, 2017, Longhu Real Estate co auctioned Hejing Taifu, and successfully invested 7.23 billion yuan in residential land of No. 6567, New Kowloon Inland Section, with a site area of 104600 square feet, the highest floor area of 575500 square feet, and a floor price of 12563 yuan per foot. That is, Upper River Bank Kai Tak Place Phase 2, No. 11, Mutai Street, Kowloon City.

On August 22, 2019, the 2019 Top 100 Private Enterprise Service Industry in China was released, and Longhu Group Holdings Co., Ltd. ranked 16th. On September 1, 2019, the 2019 China Top 500 Service Enterprises list was released in Jinan, and Longhu Group Holdings Co., Ltd. ranked 66th.

On November 9, 2021, it was announced that the contracted amount in October was 25.9 billion yuan, and the contracted area was 1.412 million square meters. From January to October, the accumulative contracted amount was 227.83 billion yuan, up 6.3% year on year, and the accumulative contracted area was 13.242 million square meters.

In September 2022, it was listed in the "2022 Top 100 Private Enterprises in China's Service Industry", ranking 9th. Ranked 25th in the 2022 Top 500 Private Enterprises of China.

On November 24, 2022, Bank of China signed the Strategic Cooperation Agreement with Country Garden and Longhu Group to further strengthen bank enterprise cooperation. According to the agreement, Bank of China will provide Biguiyuan and Longhu Group with an intentional credit line of 60 billion yuan respectively bond We will deepen all-round cooperation in underwriting, investment, personal housing loans and other business areas.

Longfor Group Holdings Limited (LGFRY) US equity investment

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