1. Lighting Ceremony hosted by the Officiating Guests
2. Toasting Ceremony
(23 August 2012) To celebrate the 20th Anniversary of Listing, China Overseas Land and Investment Ltd (“COLI” or the “Company”, stock code: 00688.HK) held the celebration cocktail at the Hong Kong Convention and Exhibition Centre today evening with the noteworthy guests and friends from different sectors.
The celebration ceremony started at 6:00pm. It was hosted by Mr. Kong Qingping, Chairman of COLI, who first made the welcoming speech and shared with the guests Company’s glorious history in the past 20 years. Mr. Kong also expressed his gratitude for having all the honorable guests joining together in this memorable evening. Other honoured guests co-officiating with Mr. Kong at the toasting ceremony included Ms. Guo Li, Deputy Director of the Liaison Office of the Central People’s Government in the Hong Kong S.A.R., Mr. Li Yuanming, Deputy Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in Hong Kong S.A.R., Mr. Yi Jun, Chairman of China Overseas Holdings Limited, Mr. Sun Man Jie, former Chairman of China Overseas Holdings Limited, Mr. Li Jianbo, Vice Chairman of China Overseas Holdings Limited, together with executive directors of the Company, including Mr. Hao Jian Min, Vice Chairman and Chief Executive Officer, Mr. Xiao Xiao, Vice Chairman and Senior Vice President, Mr. Dong Daping, Vice President, Mr. Luo Liang, Vice President and Chief Architect, and Mr. Nip Yun Wing, Chief Financial Officer. All honorable guests and the Company’s team toasted each other to celebrate COLI’s 20 years remarkable development and expressed their best wishes to the Company. The ceremony also witnessed a new milestone in the Company’s development moving towards a brighter future.
Mr. Kong Qingping said, “After 20 years of listing, total assets of the Company increased 39.2 times from HKD176.0 billion from HKD4,491 million. Net assets increased 25.7 times from HKD2,570 million to HKD70.6 billion. Net profit increased 33.7 times from HKD446 million to HKD15.03 billion. Market capitalization reached HKD150 billion from HKD4.2 billion, representing a growth of 35.7 times. From year 2001 to 2011, the Company’s compound growth rate reached 48%. Using the synergy effects driven by both the business and capital management, restructuring construction business in the form of China State Construction International Holdings Limited (03311.HK), together with the merger and acquisition of 2 listed companies, including China Overseas Grand Oceans Group Limited (00081.HK) and Fast East Global Group Limited (00830.HK), the Group realized excellent results with the total market capitalization reaching HKD200.0 billion approximately.
Expressing strong confidence in the future, Mr. Kong said, “COLI has been listed for 20 years already. The Company is deep-rooted in Hong Kong’s prosperity and at the same time benefitted from the opportunities arisen from the boosting economy in China. The future is bright and promising with different opportunities ahead. We are committed to creating continuous value for our shareholders and customers, attaining an outcome that is mutually beneficial to our stakeholders and developing the Company into an evergreen enterprise.”
The Company is also considering declaring a special bonus to all staff as a token of appreciation and recognition to their hard work throughout these years.
Related news
