China Property Giant Longfor Group Billionaire Co-Founder & Chairwoman Wu Yajun Steps Down for Age & Health Reasons, Wu Family Office Owns 40% & CEO C
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China Property Giant Longfor Group Billionaire Co-Founder & Chairwoman Wu Yajun Steps Down for Age & Health Reasons, Wu Family Office Owns 40% & CEO Chen Xuping Appointed as Chairman 3rd November 2022 | Hong Kong
China property giant Longfor Group billionaire Co-founder & Chairwoman Wu Yajun (Age 58) has stepped down (28/10/22) for age & health reasons, with Wu Yajun family office (Wu Capital) owing 40% of Longfor Group and CEO Chen Xuping appointed as Chairman. Wu Yajun will take on the role as strategic development consultant fo Longfor Group. In 2022 March, Wu Yajun was named the top self-made woman billionaire in China with $17 billion personal fortune. Longfor Group (Chongqing Zhongjianke Real Estate) was founded in 1995 by Wu Yajun and her ex-husband Cai Kui (Divorce 2012). Longfor Group is one of the largest property group in China and is listed on Hong Kong Exchange with market capitalisation of around $9.4 billion (3/11/22). Longfor Group: “The Board would like to express its sincere gratitude to Madam Wu for her valuable efforts and contributions to the Company during her tenure of service. Madam Wu will be appointed as the strategic development consultant of the Group with immediate effect and will continue to provide guidance to the Group in terms of strategic development and operation excellence. Madam Wu has confirmed that she has no disagreement with the Board and there is no other matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.”
“ China Property Giant Longfor Group Billionaire Co-Founder & Chairwoman Wu Yajun Steps Down for Age & Health Reasons, Wu Family Office Owns 40% & CEO Chen Xuping Appointed as Chairman “
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Longfor Group Wu Yajun Longfor Group (Chongqing Zhongjianke Real Estate) was founded in 1995 by Wu Yajun and her ex-husband Cai Kui (Divorce 2012). Longfor Group is one of the largest property group in China and is listed on Hong Kong Exchange with market capitalisation of around $9.4 billion (3/11/22).
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