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China Overseas Land and Investment Limited Announces Property Sales Results for June 2021

Time:2021-07-07 9:09:40Source: China Overseas Holdings Limited

(Hong Kong, 7?Jul?2021) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for June 2021, 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 RMB51.792 billion and the corresponding gross floor area (“GFA”) sold was approximately 2,819,900 square meters.

 

From January to June 2021, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB207.207 billion and the accumulated corresponding GFA sold was approximately 10,495,600 square meters.

 

In June 2021, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 7 land parcels in Suzhou, Xiamen, Haikou, Foshan and Changchun with an aggregate attributable GFA of approximately 1,497,890.09 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB16,771.30 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.

China Overseas Land and Investment Limited

China Overseas Land and Investment Limited (“COLI”; Stock Code: 0688.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 business spans across Hong Kong, Macau, London and Mainland. The Company has successfully invested and developed numerous popular and exquisite properties which were well received by the market. The Company vision is “to be an exceptional global property development corporation”, and upholds pragmatism and integrity as its philosophy in going forward in a steady manner.

 

For further information, please contact:

Corporate Communications Department

China Overseas Land and Investment Limited

Tel: (852) 2988 0666?| Fax: (852) 2865 7517?| E-mail: coli.pr@cohl.com?| Website: www.coli.com.hk

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