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China Overseas to Start Second Property Fund, Morning Post Says

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Feb. 19 (Bloomberg) -- China Overseas Land & Investment Ltd. is planning on forming its second real estate fund in the first half of 2011, the South China Morning Post said, citing Chairman Kong Qingping.

The fund will raise $30 million to $50 million to buy assets from China Overseas, which will use the money to fund more projects without bank borrowing, the Hong Kong-based English-language newspaper reported today.

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To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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