[TodayIR] CHINA OVERSEAS: China Overseas Land and Investment Ltd Announces
Property Sales Results for March 2014
(10 April 2014) China Overseas Land and Investment Ltd (the “Company”; stock
code: 00688.HK) announced that, for March 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$10.807 billion and the corresponding
gross floor area (“GFA”) sold was approximately 587,200 square meters.
From January to March 2014, the accumulated contracted property sales of the
China Overseas Series of Companies amounted to approximately HK$35.128 billion
and the accumulated corresponding GFA sold was approximately 1,952,800 square
In addition, as at 31 March 2014, the China Overseas Series of Companies had
recorded subscribed property sales of approximately HK$7.141 billion, which
are expected to be turned into contracted property sales in the following
For March 2014, the Company, together with its subsidiaries (collectively, the
“Group”) acquired 2 new land parcels in Taiyuan (Shanxi Province) with the
aggregate attributable GFA of approximately 858,157.9 square meters. The land
premium payable by the Group in respect of such new land acquired amounted to
approximately RMB1,854.5 million.
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