(EQS-News / 12/06/2015 / 18:34 UTC+8)
China Overseas Land and Investment Limited
Announces Property Sales Results for May 2015
(Hong Kong, 12 June 2015) China Overseas Land and Investment Limited (the
"Company"; Stock Code: 00688.HK) announced that, for May 2015, the
contracted property sales of the Company, together with its subsidiaries,
joint ventures and associates (collectively the "China Overseas Series of
Companies") amounted to approximately HK$17.171 billion and the
corresponding gross floor area ("GFA") sold was approximately 1,167,700
square meters.
From January to May 2015, the accumulated contracted property sales of the
China Overseas Series of Companies amounted to approximately HK$63.118
billion and the accumulated corresponding GFA sold was approximately
4,318,200 square meters. As at 31 May 2015, the China Overseas Series of
Companies had recorded subscribed property sales of approximately HK$7.481
billion, which are expected to be turned into contracted property sales in
the following months.
In May, the Company together with its subsidiaries (collectively the
"Group") acquired one new land parcel in Qingdao with the aggregate
attributable GFA of approximately 266,118 square meters. The land premium
payable by the Group in respect of such new land acquired amounted to
approximately RMB740.50 million.
Note: In view of the uncertainties involved in investment and sales
process, discrepancies may exist between the above figures and those
disclosed in our regular reports. As such, the above is for reference only.
- End -
China Overseas Land and Investment Limited
China Overseas Land and Investment Limited ("COLI"; Stock Code: 00688.HK)
was listed on the Stock Exchange of Hong Kong Limited in August 1992. It
was the first Chinese enterprise to directly go public by using the assets
of its business in Hong Kong. On 10 December 2007, the Company became a
constituent stock of the Hang Seng Index. Its core business is the
development and sales of property projects. Currently, the Company is
engaging in property development in 45 Mainland cities, as well as in Hong
Kong and Macau. The Company has successfully invested and developed
numerous popular and exquisite properties which were well received by the
consumers. Upholding the operation theory of "A Trusted Brand Growing
Through Diligence and Care", the Company will continue to achieve
continuous and rapid profit growth and maximize the return for the
shareholders.
For further information, please contact:
Corporate Communications Department
China Overseas Land and Investment Limited
Tel: (852) 2823 7888 | Fax: (852) 2529 9211 | E-mail: coli.pr@cohl.com
End of Press Release
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Document: http://n.equitystory.com/c/fncls.ssp?u=KJUALMFODS
Document title: China Overseas Land and Investment Limited Announces
Property Sales Results for May 2015
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June 12, 2015 06:34 ET (10:34 GMT)
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