KWG Group (HKG:1813) recorded a pre-sales value of 161 million yuan in August, down 74% from a year prior.
Pre-sales area slipped 63% to 9,200 square meters, according to a Tuesday bourse disclosure in Hong Kong.
What else is happening in Asia?
Asia
Majestic Dragon Aerotech Appoints Marketing Chief
Majestic Dragon Aerotech (HKG:0918) has appointed Zhang Chen as the company's chief marketing officer, according to a Monday bourse filing.Zhang has over 10 years of experience in real estate development and in managing hotel operations and fire safety systems. His appointment will be effective Dec. 7.
HKG:0918
Asia
HRnetGroup Gets SGX-ST Preliminary Nod for Share Listing
HRnetGroup (SGX:CHZ) has received in-principle approval from the Singapore Exchange Securities Trading (SGX-ST) for the listing and quotation of 241,527 shares to be transferred to certain employees and executive director.The approval is subject to the company complying with SGX-ST listing requirements, including obtaining specific shareholders' approval where applicable, according to a Monday Singapore Exchange filing.The company will make the necessary announcement once the shares are transferred.
SGX:CHZ
Asia
Sequoia Financial Group Ex-Boss Faces 10-Year ASIC Ban From Financial Services Roles
Sequoia Financial Group (ASX:SEQ) former Chief Executive Garry Crole has been banned by the Australian Securities and Investments Commission (ASIC) for 10 years from performing any function involved in carrying on a financial services business as a director or responsible manager, according to a Tuesday statement by ASIC.The regulator said Crole failed to adequately respond to serious concerns about the financial advice model used by former Interprac-authorized representatives, who advised thousands of clients to invest superannuation in the now-collapsed First Guardian and Shield Master Funds.The company did not immediately respond to anemail request for comment.
ASX:SEQ