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    1109   KYG2108Y1052

CHINA RESOURCES LAND LIMITED

(1109)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-09-27 am EDT
32.15 HKD   +0.63%
08:31aChina Resources' Contracted Sales Rise 10% in August
MT
09/14CHINA RESOURCES LAND LIMITED : Ex-dividend day for interim dividend
FA
09/01Shimao to Sell Beijing Properties to China Resources Land For $481 Million
MT
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China Resources Land Limited Announces Change of President of the Company, with Effect from 26 July 2022

07/26/2022 | 06:03am EDT

China Resources Land Limited announced that with effect from 26 July 2022, due to work arrangement by the Company, Mr. Li Xin resigned as the President of the Company. Mr. Li Xin continues to serve as an executive director of the Company, the Chairman of the Board and his existing memberships in the board committees of the Company. The Board further announces that with effect from 26 July 2022, Mr. Wu Bingqi an executive director of the Company, has been appointed as the President of the Company.

The biographical details of Mr. Wu are set out below: Mr. Wu, aged 50, joined the Company in 2007 and was appointed as the Senior Vice President of theCompany in October 2013, an executive director of the Company in February 2019, and the Chief Human Resource Officer of the Company and the Chairman (non-executive) of North China Region of the Company in January 2021. He is also a member of the Executive Committee of the Company. Mr. Wu is also a director of a number of subsidiaries of the Company.

Mr. Wu has a Bachelor's degree of Industrial and Civil Architecture Engineering from Tongji University in China, and an MBA degree from the University of South Australia in Australia. Mr. Wu has extensive experience in property and corporate management. Mr. Wu joined China Resources (Holding) Company Limited in 1993, and had worked for China Resources Property Management Limited.

Mr. Wu has entered into a letter of appointment with the Company for a term of three years. However, he will be subject to rotational retirement and re-election requirements at annual general meeting of the Company pursuant to the articles of association of the Company. For the year ended 31 December 2021, Mr. Wu has received an emolument of RMB8,243,000 which was determined with reference to his duties and responsibilities with the Company and the recommendation made by the Remuneration Committee of the Company.

Besides, Mr. Wu will not receive director's fee from the Company. Save as disclosed above, Mr. Wu is and was not connected with any directors, senior management or substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Wu did not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.


© S&P Capital IQ 2022
All news about CHINA RESOURCES LAND LIMITED
08:31aChina Resources' Contracted Sales Rise 10% in August
MT
09/14CHINA RESOURCES LAND LIMITED : Ex-dividend day for interim ..
FA
09/01Shimao to Sell Beijing Properties to China Resources Land For $481 Million
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08/31Fitch Affirms China Resources Land at 'BBB+'; Outlook Stable
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08/31CHINA RESOURCES LAND LIMITED : Slide show half-year results
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08/31CHINA RESOURCES LAND LIMITED : 1st-half-year results
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08/30China Resources Land's H1 Profit Down on Lower Revenue
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08/30China Resources Land Limited Announces Interim Dividend for the Six Months Ended June 3..
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08/30China Resources Land Limited Reports Earnings Results for the Half Year Ended June 30, ..
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08/29Marketmind: Two-year U.S. bond yield dam bursts
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More news
Analyst Recommendations on CHINA RESOURCES LAND LIMITED
More recommendations
Financials
Sales 2022 257 B 32 744 M 32 744 M
Net income 2022 33 067 M 4 212 M 4 212 M
Net Debt 2022 95 991 M 12 228 M 12 228 M
P/E ratio 2022 7,02x
Yield 2022 4,98%
Capitalization 229 B 29 206 M 29 206 M
EV / Sales 2022 1,27x
EV / Sales 2023 1,19x
Nbr of Employees 52 451
Free-Float 40,4%
Chart CHINA RESOURCES LAND LIMITED
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Technical analysis trends CHINA RESOURCES LAND LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Last Close Price 32,15 HKD
Average target price 45,77 HKD
Spread / Average Target 42,4%
EPS Revisions
Managers and Directors
Bing Qi Wu President & Executive Director
Shi Qing Guo Chief Financial Officer & Executive Director
Xin Li Chairman
Tong Dong Shen Chief Information Officer
Andrew Y. Yan Independent Non-Executive Director