Longfor group shares plunge after co-chairwoman resigns

HONG KONG (Reuters) - Shares of Beijing-based property developer Longfor Group plunged more than 40% in early trading after it said Wu Yajun resigned as the chairwoman and an executive director.

Chief Executive Officer Chen Xuping has been appointed as the chairperson, the firm said.

(Reporting by Clare Jim; Editing by Shri Navaratnam)