(13 February 2012) China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) announced that the property sales in January amounted to HK$3.9 billion, and the GFA sold reached 255,900 square meters.
In January, the Pearl River Delta Region (Shenzhen City, Zhongshan City, Guangzhou City, Foshan City and Zhuhai City) realized the strongest property sales – its sales revenue amounted to HK$942 million. The Western Region (Chengdu City, Chongqing City and Xi’an City) recorded the strongest GFA sold – its total GFA sold amounted to 67,200 square meters.
On 3 February 2012, China Overseas Grand Oceans Group Ltd. (stock code: 00081.HK) acquired 1 new project in Ganzhou with an attributable GFA of 1,233,801.4 square meters. The total land premium payable was RMB973.2 million. The company acquired a total new land amounting to 1.4 million square meters and the attributable portion was 1.2 million square meters so far this year.
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.
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