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 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: 81)

UNAUDITED OPERATING STATISTICS FOR MARCH 2018

The board of directors (the "Board") of China Overseas Grand Oceans Group Limited (the "Company") is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the "Group") and its associates and joint ventures (collectively, the "China Overseas Grand Oceans Series of Companies") as follows:

For March 2018, the property contracted sales of the China Overseas Grand Oceans Series of Companies amounted to HK$3,253 million and the contracted GFA reached 274,000 square meters. From January to March 2018, the total property contracted sales amounted to HK$9,135 million and the total contracted GFA reached 742,400 square meters. As at the end of March 2018, the property subscription sales amounted to HK$806 million and the subscription GFA reached 55,000 square meters.

In March 2018, the Group acquired two new projects, one in Yancheng, Jiangsu Province, and one in Baotou, Inner Mongolia with an attributable GFA of 553,948.00 square meters and the total attributable land cost was RMB 1,551.31 million. Details of the new projects acquired during the period from 1 January to 31 March 2018 are set out in the following:

No

Date

City

Name of Project

Attributable

Interest

Land Area

(m2)

Total GFA

(m2)

Attributable GFA (m2)

Attributable Land Cost (RMB mn)

1

27/02/2018

Liuzhou

Yufeng District Project

100%

94,697.48

269,588.00

269,588.00

1,828.00

2

09/03/2018

Yancheng

Chengnan New District Project

100%

102,945.00

277,036.00

277,036.00

1,160.19

3

15/03/2018

Baotou

Xindoushi District Project

60%

166,124.00

461,520.00

276,912.00

391.12

Total

363,766.48

1,008,144.00

823,536.00

3,379.31

The above-mentioned operating data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such operating information. As such, the above data is provided for investors' reference only. Shareholders and investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, shareholders and investors are advised to seek professional advice from professional or financial advisers.

For and on behalf of

CHINA OVERSEAS GRAND OCEANS

GROUP LIMITED

Yan Jianguo

Chairman and Non-Executive Director

Hong Kong, 10 April 2018

As at the date of this announcement, the Board comprises eight directors, of which three are executive directors, namely, Mr. Zhang Guiqing, Mr. Paul Wang Man Kwan and Mr. Yang Lin; two non-executive directors, namely Mr. Yan Jianguo and Mr. Billy Yung Kwok Kee, and three independent non-executive directors, namely Dr. Timpson Chung Shui Ming, Mr. Jeffrey Lam Kin Fung and Mr. Dantes Lo Yiu Ching.

Attachments

  • Original document
  • Permalink

Disclaimer

China Overseas Grand Oceans Group Ltd. published this content on 10 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 April 2018 11:10:12 UTC