Mingfa Group (International) Co. Ltd. (HK:0846) has released an update.
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Mingfa Group (International) Co. Ltd. disclosed that its unaudited contracted sales for the first nine months of 2024 plummeted by approximately 50.20% compared to the same period in 2023, totaling about RMB2.51 billion. This significant decline reflects broader market challenges and highlights the company’s need to navigate a changing real estate landscape in China. Investors in the financial markets will be keen to see how Mingfa Group responds to these pressures in the coming months.
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