Announcement from Long Yuan Construction Group regarding the business performance forecast for the first half of 2024.

Sensex a shareJul 9 12:00 ET · Announcements

Long Yuan Construction Group (600491.SH) issues a pre-loss statement with a net loss of 1.8 to 0.27 billion yuan for the first half of the year.

Long Yuan Construction Group (600491.SH) has disclosed its performance forecast for the first half of 2024, with the company expected to report a net profit attributable to...

Zhitong FinanceJul 9 06:57 ET

Long Yuan Construction Group (600491.SH) plans to sell 88.90% equity and debt claims of Xuan Cheng Ming Xuan for a total price of 0.477 billion yuan.

Long Yuan Construction Group (600491.SH) announced that it plans to sign an equity and debt transfer agreement for the Xuan Cheng PPP project with Hangzhou Traffic Investment Co., Ltd., a wholly-owned subsidiary of Hangzhou Transportation Investment Group (referred to as "Hang Jiao Tou Group"). The company plans to sell 88.90% equity and debt of Xuan Cheng Ming Xuan Infrastructure Development Co., Ltd. (referred to as "Xuan Cheng Ming Xuan") held by the company to Hangzhou Traffic Investment, at a transfer price of 0.195 billion yuan for equity and 0.282 billion yuan for debt, totaling 0.477 billion yuan.

Zhitong FinanceJul 5 04:49 ET

Long Yuan Construction Group (600491.SH) plans to sign a share equity and debt transfer agreement for the Xuancheng PPP project.

On July 5th, GeLongHui reported that, in order to revitalize the company's assets, improve the liquidity of the company's assets, and supplement the company's operating funds, Long Yuan Construction Group (600491.SH) plans to sign a equity and debt transfer agreement for the XuanCheng PPP project with Hangzhou Transport Investment Group Co.,Ltd. (referred to as "HangJiaoTou Group")'s wholly-owned subsidiary, Hangzhou Transport Investment Co.,Ltd. (referred to as "Hangzhou Transport"). The company intends to sell 88.90% equity of XuanCheng MingXuan Infrastructure Development Co.,Ltd. (referred to as "MingXuan XuanCheng") held by the company and the debt it enjoys to Hangzhou Transportation. The equity transfer price is 195.2244 million.

Gelonghui FinanceJul 5 04:42 ET

Investors Don't See Light At End Of Long Yuan Construction Group Co., Ltd.'s (SHSE:600491) Tunnel

When you see that almost half of the companies in the Construction industry in China have price-to-sales ratios (or "P/S") above 1.1x, Long Yuan Construction Group Co., Ltd. (SHSE:600491) looks to be

Simply Wall StMay 29 18:33 ET

Longyuan Construction (600491.SH): not involved in real estate business

Gelonghui, May 14, 丨 Longyuan Construction (600491.SH) said on the investor interactive platform that the company is deeply involved in the field of general construction contracting and infrastructure construction investment. After more than 40 years of development, through the upstream and downstream extension of the construction industry chain, rich performance and resource accumulation in the infrastructure sector, and R&D and layout in new fields such as green construction, it has formed a Longyuan ecosystem where the three major sectors of construction contracting, infrastructure investment and green construction work collaboratively develop. Each sector has independent business models, teams, and management and operation experience to jointly help the group achieve better strategic development. For the company's specific business situation, please refer to the company's annual report about

Gelonghui FinanceMay 14 03:32 ET