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Chinese property developer Longfor Group's results for 2023 came broadly in line with expectations, and excluding the impact of fair value changes, more than 60% of the core profit was contributed by the operation and service business, and the full-year operating cash flow reached 3.5 billion, said Morgan Stanley in a research note.
The bank believed that Longfor's liquidity risk would be manageable, saying that the company's net gearing . . .
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