LVGEM China Reports RMB73 Million Property Disposal and Ongoing Cost Controls

Reuters
Dec 31, 2025
LVGEM China Reports RMB73 Million Property Disposal and Ongoing Cost Controls

LVGEM (China) Real Estate Investment Company Limited has provided a quarterly update regarding the Disclaimer of Opinion set out in its annual report for the year ended 31 December 2024. The Group reported that it has continued active negotiations with certain financial institutions to obtain new loans for the completion and commencement of property development projects. Marketing efforts to achieve budgeted sales and pre-sales volumes at current market prices for existing projects have also continued, including online media promotions, involvement of content creators, and on-site visits by property agents. In the last quarter of 2025, the Group disposed of onshore properties, generating an aggregate amount of approximately RMB73 million. Cost control measures have also been implemented, effectively reducing several administrative and financial expenses during the quarter. The Board will continue to provide quarterly updates and further announcements as appropriate in accordance with the Listing Rules. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LVGEM (China) Real Estate Investment Company Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251231-11973156), on December 31, 2025, and is solely responsible for the information contained therein.

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