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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Resources Land Limited    1109   KYG2108Y1052

CHINA RESOURCES LAND LIMITED

(1109)
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China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE MONTH ENDED 31 JULY 2020

08/12/2020 | 08:53am EST

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 the Cayman Islands with limited liability)

(Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE

FOR THE MONTH ENDED 31 JULY 2020

China Resources Land Limited (the "Company") is pleased to provide its shareholders update on land acquisitions carried out by the Company and its subsidiaries (the "Group"), for the month ended 31 July 2020 (the "Land Acquisition Update").

In July 2020, the Group acquired 7 land parcels in Hohhot, Xi'an, Shenyang, Ji'ning, Wuxi and Nanning with total gross floor area ("GFA") of approximately 1,467,059 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB8.07 billion.

Details of the Group's land acquisitions in July 2020 are set out in below table for reference:

Total

Attributable

Land

Attributable

Interest

Land

No.

Month

City

Project Name

GFA

GFA

Premium

(%)

Premium

(sqm)

(sqm)

(RMB mn)

(RMB mn)

Xincheng District Qinyuan

1

Jul

Hohhot

Road West Residential

100%

96,495

96,495

420

420

Project

International Trade and

2

Jul

Xi'an

Logistics Park Commercial

100%

368,011

368,011

1,368

1,368

and Residential Project

3

Jul

Shenyang

Sujiatun District Jiuli East

100%

204,146

204,146

1,102

1,102

Residential Project

Hi-tech District Commercial

4

Jul

Ji'ning

and Residential Project

36%

213,358

76,809

659

237

Phase II

Jiangyin Chengjiang Street

Yongfengyu No.72

5

Jul

Wuxi

Commercial and Residential

100%

467,626

467,626

4,318

4,318

and No.73 Residential

Project

Dadong District Yulin

6

Jul

Shenyang

Avenue No.3 Residential

100%

114,962

114,962

621

621

Project

7

Jul

Nanning

Qingxiu District Nanhuan

50%

2,461

1,231

14

7

Road Commercial Project

The preliminary figures disclosed above are derived from the Group's internal management records and subject to change and may differ from those appear in the audited and unaudited financial statements of the Group to be published on yearly and half-yearlybasis. They shall not be taken as a measure or indication of the Group's current or future operating or financial performance. As such they are strictly for information only and not for any other purpose. Investors are advised not to place any reliance on the information disclosed herein but to exercise due caution when dealing in the securities of the Company. 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 or associates. Any investor who is in doubt is advised to seek advice from professional advisors.

By Order of the Board

China Resources Land Limited

LI Xin

President

PRC, 12 Aug 2020

As at the date of this announcement, the non-executive directors of the Company are Mr. Wang Xiangming, Mr. Yan Biao, Mr. Chen Ying, Mr. Wang Yan and Mr. Chen Rong; the executive directors of the Company are Mr. Li Xin, Mr. Zhang Dawei, Mr. Xie Ji, Mr. Shen Tongdong and Mr. Wu Bingqi; and the independent non-executive directors of the Company are Mr. Ho Hin Ngai, Bosco, Mr. Andrew Y. Yan, Mr. Wan Kam To, Peter, Mr. Zhong Wei and Mr. Sun Zhe.

Disclaimer

China Resources Land Limited published this content on 12 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2020 12:52:04 UTC


© Publicnow 2020
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Sales 2020 198 B 25 531 M 25 531 M
Net income 2020 30 987 M 3 998 M 3 998 M
Net Debt 2020 106 B 13 641 M 13 641 M
P/E ratio 2020 8,05x
Yield 2020 4,12%
Capitalization 244 B 31 419 M 31 419 M
EV / Sales 2020 1,76x
EV / Sales 2021 1,36x
Nbr of Employees 48 656
Free-Float 40,4%
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Mean consensus BUY
Number of Analysts 26
Average target price 44,05 HKD
Last Close Price 34,15 HKD
Spread / Highest target 51,4%
Spread / Average Target 29,0%
Spread / Lowest Target 2,02%
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Managers
NameTitle
Xin Li Co-President & Executive Director
Da Wei Zhang Vice Chairman & Co-President
Xiang Ming Wang Chairman
Shi Qing Guo Chief Financial Officer
Tong Dong Shen Chief Information Officer & Executive Director
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