Longfor Group Holdings Limited: Ownership change will not immediately affect credit quality
Share distribution of Longfor's chairperson to her daughter will not immediately affect the company's credit quality and daily operation.Longfor Properties Co. is an investment holding company. Through its subsidiaries, Co. is principally engaged in the property development, property investment and property management businesses in the People's Republic of China. Co. has three segments: property development, which develops and sells office premises, commercial and residential properties; property investment, which leases investment properties, which are developed by Co. to generate rental income and to gain from the appreciation in the properties' values in the long term; and property management and related services, which mainly represents the income generated from property management.
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