CHINA OVERSEAS LAND & INVESTMENT LTD. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(incorporated in Hong Kong with limited liability)
(Stock Code: 688)
LAND ACQUISITION UPDATE
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2018
China Overseas Land & Investment Limited (the "Company") wishes to provide to its shareholders the below update on the land acquisitions carried out by the Company and China Overseas Grand Oceans Group Limited ("COGO"), an associate of the Company, for the nine months ended 30 September 2018 (the "Land Acquisition Update"). The Land Acquisition Update is also available on the website of the Company(www.coli.com.hk).
For September 2018, the Company (together with its subsidiaries (collectively, the "Group")) acquired 5 land parcels in Jinan, Harbin, Beijing, Changchun and Ezhou with aggregate attributable gross floor area ("GFA") of approximately 1,352,569.50 square meters, of which 1 will be developed in form of cooperation project. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB7,141.06 million.
In addition, for September 2018, COGO (together with its subsidiaries (collectively, the "COGO Group")) acquired 8 land parcels in Huizhou, Guangdong Province, Jilin, Jilin Province and Nantong, Jiangsu Province with an attributable GFA of 1,047,914.00 square meters. The land premium payable by the COGO Group in respect of such land parcels amounted to approximately RMB3,312.14 million.
Details of the land acquisitions are set out below for reference:
Land parcels acquired by the Group in 2018 | ||||||||
No. | Date of acquisition | City in which land acquired is located | Name of development project | Percentage interest attributable to the Company | Land area (m2) | Total GFA (m2) | Attributable GFA (m2) | Land premium (RMB mn) (Note 1) |
1 | January | Foshan | Shunde District Project | 100% | 149,322.40 | 385,747.00 | 385,747.00 | 1,840.00 |
2 | January | Hangzhou | Binjiang District Project | 100% | 22,935.00 | 89,276.00 | 89,276.00 | 2,213.18 |
3 | January | Beijing | Changping District Project | 100% | 175,115.00 | 489,691.00 | 489,691.00 | 5,450.00 |
4 | January | Guangzhou | Nansha District Project (Note 2) | 100% | 78,951.00 | 233,512.00 | 233,512.00 | 1,823.78 |
5 | February | Shenzhen | Pingshan District Project (Note 2) | 100% | 19,194.68 | 124,300.00 | 124,300.00 | 1,254.50 |
6 | February | Beijing | Daxing District Project #1 | 100% | 74,464.00 | 205,538.00 | 205,538.00 | 3,275.00 |
7 | February | Kunming | Wuhua District Project | 60% | 102,719.82 | 515,348.00 | 309,208.80 | 1,476.63 |
8 | February | Urumqi | Shuimogou District Project #1 | 100% | 33,664.18 | 144,776.00 | 144,776.00 | 602.80 |
9 | February | Urumqi | Shuimogou District Project #2 | 100% | 34,804.71 | 142,821.00 | 142,821.00 | 615.50 |
10 | February | Shenyang | Hunnan District Project | 100% | 179,941.83 | 450,439.00 | 450,439.00 | 1,743.64 |
11 | February | Guangzhou | Panyu District Project | 14.28% | 76,285.00 | 365,628.00 | 52,211.68 | 473.75 |
12 | February | Chongqing | Banan District Project | 51% | 89,257.00 | 299,427.00 | 152,707.77 | 367.20 |
13 | February | Wuhan | Jiangan District Project | 100% | 21,774.00 | 129,571.00 | 129,571.00 | 1,080.00 |
14 | February | Xi'an | Changan District Project (Note 2) | 100% | 131,434.69 | 569,351.00 | 569,351.00 | 1,360.00 |
15 | February | Jinan | Gaoxin District Project #1 | 100% | 199,739.00 | 450,096.00 | 450,096.00 | 2,487.29 |
16 | March | Changsha | Yuhua District Project | 100% | 70,673.90 | 343,263.00 | 343,263.00 | 1,117.00 |
17 | March | Qingdao | Gaoxin District Project | 100% | 85,732.50 | 231,555.00 | 231,555.00 | 871.90 |
18 | April | Beijing | Daxing District Project #2 | 33% | 31,049.00 | 128,364.00 | 42,360.12 | 483.45 |
19 | April | Kunming | Guandu District Project | 100% | 116,803.38 | 584,063.47 | 584,063.47 | 2,850.41 |
20 | May | Urumqi | Gaoxin District Project | 100% | 16,644.61 | 76,253.14 | 76,253.14 | 332.00 |
21 | May | Chongqing | Nanchuan District Project | 100% | 120,631.00 | 291,719.00 | 291,719.00 | 204.50 |
22 | June | Urumqi | Huizhan Pian District Project | 100% | 57,726.16 | 239,722.00 | 239,722.00 | 781.20 |
23 | June | Fuzhou | Gaoxin District Project | 100% | 30,043.00 | 112,383.00 | 112,383.00 | 788.31 |
24 | June | Changchun | Beihu District Project | 100% | 172,207.00 | 571,692.00 | 571,692.00 | 2,029.03 |
25 | June | Tianjin | Hongqiao District Project | 25% | 52,482.60 | 241,900.00 | 60,475.00 | 880.00 |
26 | June | Jinan | Gaoxin District Project #2 | 33% | 215,377.00 | 473,888.00 | 156,383.04 | 818.40 |
27 | July | Nanchang | Xinjian District Project | 100% | 64,307.00 | 105,704.00 | 105,704.00 | 490.98 |
28 | July | Hangzhou | Xihu District Project | 100% | 39,344.00 | 134,241.00 | 134,241.00 | 3,338.56 |
29 | July | Foshan | Shunde District Project | 100% | 16,646.16 | 55,121.00 | 55,121.00 | 336.00 |
30 | July | Nanchang | Ganjiang New District Project | 100% | 111,477.00 | 282,468.00 | 282,468.00 | 1,203.95 |
31
July
Suzhou
Gaoxin District Project
51%
54,100.00
158,506.00
80,838.06
1,599.45
32
July
Ningbo
Yinzhou District Project
100%
37,266.00
106,925.00
106,925.00
769.02
33
August
Nanjing
Jiangbei New District Project
100%
149,465.00
456,686.00
456,686.00
5,640.00
34
August
Zhengzhou
Zhengdong New District Project
100%
51,922.88
139,110.00
139,110.00
1,575.00
35
August
Yantai
Fushan District Project
100%
119,919.00
415,372.00
415,372.00
477.17
36
August
Beijing
Daxing District Project #3
100%
39,735.00
145,140.00
145,140.00
1,727.00
37
August
Harbin
Songbei District Project
100%
63,157.47
128,676.00
128,676.00
684.80
38
September
Jinan
Licheng District Project
100%
70,211.00
307,429.00
307,429.00
979.00
39
September
Harbin
Daoli District Project
100%
48,396.20
158,198.00
158,198.00
752.30
40
September
Beijing
Chaoyang District Project
100%
74,980.00
143,113.00
143,113.00
2,910.00
41
September
Changchun
Beihu Technology Development District Project
100%
199,999.00
530,355.00
530,355.00
1,571.59
42
September
Ezhou
Gedian Development District Project
50%
123,756.30
426,949.00
213,474.50
928.17
Sub-total for the Group:
3,623,654.47
11,584,316.61
10,041,965.58
62,202.46
Land acquisitions by the COGO Group in 2018
Land area
(m2)
Total GFA
(m2)
Attributable
GFA (m2)
Land premium
(RMB mn)
(Note 1)
Sub-total for the COGO Group:
1,325,316.19
3,732,062.00
3,450,739.20
13,745.98
TOTAL:
4,948,970.66
15,316,378.61
13,492,704.78
75,948.44
Note:
1. The land premium illustrated in the table above represents the full sum of land premium payable by the Group in respect of the relevant acquisition.
2. This project requires the Group to build housing, commodity housing, resettlement housing or affordable housing, which is to be transferred to the local city government free of charge or to be repurchased by the local city government at predetermined price.
The above Land Acquisition Update has been prepared based on the respective internal management records of the Company and COGO which have not been audited nor reviewed by external auditors, and as such the data contained therein is for investors' information only. Such data may differ from the figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company and COGO on an annual, semi-annual or quarterly basis due to various uncertainties during the process of collection and collating of such data. The Land Acquisition Update does not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Company or any of its subsidiaries, joint ventures or associates. It does not and is not intended to provide any investment service or investment advice.
By Order of the Board
China Overseas Land & Investment Limited
Yan Jianguo
Chairman and Chief Executive Officer
Hong Kong, 8 October 2018
As at the date of this announcement, Mr. Yan Jianguo (Chairman and Chief Executive Officer), Mr. Luo Liang and Mr. Guo Guanghui are the executive directors; Mr. Chang Ying is the non-executive director; and Mr. Lam Kwong Siu, Dr. Fan Hsu Lai Tai, Rita and Mr. Li Man Bun, Brian David are the independent non-executive directors of the Company.
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China Overseas Land & Investment Limited published this content on 08 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 October 2018 13:37:07 UTC
