China Overseas Land and Investment Limited
Announces Property Sales Results for January 2015
(Hong Kong, 12 February 2015) China Overseas Land and Investment Limited (the "Company"; Stock Code: 00688.HK) announced that, for January 2015, the contracted property sales of the Company, together with its subsidiaries, joint ventures and associates (collectively the "China Overseas Series of Companies") amounted to approximately HK$13.785 billion and the corresponding gross floor area ("GFA") sold was approximately 945,300 square meters.
As at 31 January 2015, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$6.092 billion, which are expected to be turned into contracted property sales in the following months.
In January, the Company together with its subsidiaries (collectively the "Group") acquired 2 new land parcels in Xiamen and Jinan with the aggregate attributable GFA of approximately 1,625,094 square meters. The land premium payable by the Group in respect of such new land acquired amounted to approximately RMB3,555.60 million.
Note: In view of the uncertainties involved in investment and sales process, discrepancies may exist between the above figures and those disclosed in our regular reports. As such, the above is for reference only.
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China Overseas Land and Investment Limited
China Overseas Land and Investment Limited ("COLI"; Stock Code: 00688.HK) was listed on the Stock Exchange of Hong Kong Limited in August 1992. It was the first Chinese enterprise to directly go public by using the assets of its business in Hong Kong. On 10 December 2007, the Company became a constituent stock of the Hang Seng Index. Its core business is the development and sales of property projects. Currently, the Company is engaging in property development in 45 Mainland cities, as well as in Hong Kong and Macau. The Company has successfully invested and developed numerous popular and exquisite properties which were well received by the consumers. Upholding the operation theory of "A Trusted Brand Growing Through Diligence and Care", the Company will continue to achieve continuous and rapid profit growth and maximize the return for the shareholders.
For further information, please contact:
Corporate Communications Department
China Overseas Land and Investment Limited
Tel: (852) 2823 7888 | Fax: (852) 2529 9211 | E-mail: coli.pr@cohl.com
