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Chinese property developer Longfor slips as contracted sales fall

By Reuters News

** Shares of Longfor Group Holdings 0960.HK slip 3.2% to HK$4.44, their lowest level since November 4 and declining for a second straight session

** Chinese property developer said it recorded contracted sales of 2.43 billion yuan ($363.99 million) in October, down from 5 billion yuan in October 2025

** Longfor, with market capitalisation of HK$31.55 billion ($4.02 billion), recorded aggregated contracted sales of 25.57 billion yuan for the first 10 months of 2026, down from 55.75 billion yuan in the same period of 2025

** YTD, stock down 48%, benchmark Hang Seng Index .HSI down 4.4%

($1 = 6.6760 Chinese yuan)

($1 = 7.8396 Hong Kong dollars)

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