Future Land reports property sales gain in June; company chairman and property tycoon Wang Zhenhua under investigation

//Future Land reports property sales gain in June; company chairman and property tycoon Wang Zhenhua under investigation

Future Land reports property sales gain in June; company chairman and property tycoon Wang Zhenhua under investigation

Future Land Development ­Holdings, the mainland developer which lost tens of billions in market capitalisation last week after its former chairman was arrested, reported a 19 per cent rise in ­contracted sales in June from the previous month, according to a stock market filing on Sunday.Contracted sales for the month totalled 29.5 billion yuan (US$4.28 billion), representing an area of 2.53 million square metres, up from 24.7 billion yuan and 2.03 million square metres in May, the Shanghai…

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By | 2019-07-07T23:15:06+00:00 July 7th, 2019|Business|Comments Off on Future Land reports property sales gain in June; company chairman and property tycoon Wang Zhenhua under investigation