China Overseas Holdings Ltd.

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China Overseas Land and Investment Limited Announces Property Sales Results for September 2019

Time: 2019-10-08 17:29:50      Source: China Overseas Holdings Ltd.     

      (Hong Kong, 8 October 2019) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for September 2019, 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$34.066 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,574,400 square meters.

      From January to September 2019, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$290.217 billion and the accumulated corresponding GFA sold was approximately 13,759,400 square meters.

      In September 2019, the Company (together with its subsidiaries (collectively, the “Group”)) acquired five land parcels in Tianjin, Xi’an, Changchun, Beijing  and Shanghai with aggregate attributable gross floor area (“GFA”) of approximately 828,072.57 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB 8,439.45 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.