Lates News

Country Garden Commercial Division announced on the Hong Kong Stock Exchange that it is expected to incur a net loss of approximately 4.08 billion RMB for the six months ending on June 30, compared to a net loss of 2.33 billion RMB in the same period last year. The expected loss is mainly due to the continued downturn in the Chinese real estate industry, resulting in a decrease in property development income and gross profit.