
Rongan Property Posts 185 Million Yuan in H1 Impairment Provision

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(MT Newswires) -- Rongan Property (SHE:000517) recorded impairment provisions totaling 184.7 million yuan in the first half. The largest provision of 176.0 million yuan was against the property developer's inventory, according to a Wednesday filing with the Shenzhen bourse. Shares of the company closed 2% lower Wednesday.

