[TodayIR] CHINA OVERSEAS: China Overseas Land and Investment Ltd Announces Property Sales Results for February 2014 (10 March 2014) China Overseas Land and Investment Ltd (the “Company”; stock code: 00688.HK) announced that, for February 2014, the contracted property sales of the Company, together with its subsidiaries, jointly controlled entities and associated companies (collectively, the “China Overseas Series of Companies”) amounted to approximately HK$9.076 billion and the corresponding gross floor area (“GFA”) sold was approximately 571,400 square meters. From January to February 2014, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$24.32 billion and the accumulated corresponding GFA sold was approximately 1,365,400 square meters. In addition, as at 28 February 2014, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$7.791 billion, which are expected to be turned into contracted property sales in the following months. For February 2014, the Company, together with its subsidiaries (collectively, the “Group”) acquired 4 new land parcels in Qingdao (Shandong Province), Zhengzhou (Henan Province), Guangzhou (Guangdong Province) and Harbin (Heilongjiang Province) with the aggregate attributable GFA of approximately 3,042,096 square meters. The land premium payable by the Group in respect of such new land acquired amounted to approximately RMB12,986.38 million. Note: In view of the uncertainties involved in investment and sales process, there may exist discrepancies between the above figures and those disclosed in our regular reports. As such, the above is only for reference purpose.
[TodayIR] CHINA OVERSEAS: China Overseas Land and Investment Ltd