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)
VOLUNTARY ANNOUNCEMENT
LAND ACQUISITION UPDATE
FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2017
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 twelve months ended 31 December 2017 (the "Land Acquisition Update"). The Land Acquisition Update is also available on the website of the Company(www.coli.com.hk).
For December 2017, the Company (together with its subsidiaries (collectively, the "Group")) acquired 2 land parcels in Tianjin and Beijing with aggregate attributable gross floor area ("GFA") of approximately 36,676.68 square meters, which 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 RMB962.68 million.
In addition, for December 2017, COGO (together with its subsidiaries (collectively, the "COGO Group")) acquired 1 land parcel in Ganzhou (Jiangxi Province) with an attributable GFA of 131,056.00 square meters. The land premium payable by the COGO Group in respect of such land parcel amounted to approximately RMB385.12 million.
Details of the land acquisitions are set out below for reference:
Land parcels acquired by the Group in 2017 | ||||||||
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 | Harbin | Songbei District Project | 100% | 92,626.80 | 259,306.00 | 259,306.00 | 553.00 |
2 | January | Dongguan | Fenggang Town Project(Note 2) | 100% | 73,071.03 | 217,853.00 | 217,853.00 | 2,922.84 |
3 | January | Wuhan | Jianghan District Project | 100% | 27,050.00 | 191,405.00 | 191,405.00 | 2,864.28 |
4 | January | Xi'an | Qujiang District Project | 50% | 443,713.22 | 1,326,461.00 | 663,230.50 | 1,258.13 |
5 | February | Zhengzhou | Huiji District Project#1 | 100% | 47,993.63 | 311,758.00 | 311,758.00 | 803.76 |
6 | February | Zhengzhou | Huiji District Project#2 | 100% | 42,165.35 | 199,329.00 | 199,329.00 | 561.08 |
7 | February | Zhengzhou | Huiji District Project#3 | 100% | 8,057.48 | 38,247.00 | 38,247.00 | 139.26 |
8 | February | Beijing | Fangshan District | 40% | 75,691.00 | 188,487.00 | 75,394.80 | 930.00 |
9 | February | Suzhou | Wuzhong District Project | 100% | 15,047.70 | 78,308.00 | 78,308.00 | 352.00 |
10 | February | Yantai | Fushan District Project | 100% | 54,513.00 | 128,663.00 | 128,663.00 | 154.68 |
11 | February | Wuxi | Binhu District Project | 100% | 59,804.10 | 126,488.00 | 126,488.00 | 390.00 |
12 | March | Chengdu | Shuangliu District Project | 100% | 101,461.63 | 437,465.00 | 437,465.00 | 3,311.71 |
13 | March | Xi'an | Fengcheng Sanlu Project | 100% | 53,119.63 | 200,198.00 | 200,198.00 | 366.60 |
14 | March | Chongqing | Jiulongpo District Project | 100% | 46,719.00 | 188,872.00 | 188,872.00 | 1,085.00 |
15 | March | Shanghai | Songjiang District Project | 100% | 138,651.80 | 240,836.00 | 240,836.00 | 5,090.00 |
16 | April | Foshan | Nanhai District Project | 100% | 24,292.60 | 90,290.00 | 90,290.00 | 628.70 |
17 | May | Suzhou | Wujiang District Project | 100% | 69,559.10 | 182,822.00 | 182,822.00 | 1,345.38 |
18 | May | Zhongshan | Gangkou Town Project(Note 2) | 100% | 48,326.70 | 175,308.00 | 175,308.00 | 784.90 |
19 | May | Wuhan | Caidian District Project | 100% | 35,012.00 | 134,502.00 | 134,502.00 | 98.64 |
20 | May | Beijing | Fengtai District Project | 35% | 75,405.59 | 261,220.00 | 91,427.00 | 1,452.50 |
21 | May | Fuzhou | Yingqian New District Project(Note 2) | 100% | 39,882.00 | 134,552.00 | 134,552.00 | 795.00 |
22 | May | Hong Kong | West Rail Kam Sheung Road Project | 331% 3 | 41,687.00 | 114,896.00 | 38,299.00 | 2,442.88 (Note 3) |
23 | May | Zhenjiang | Huangshan Xilu Project | 100% | 162,780.00 | 335,992.00 | 335,992.00 | 2,522.21 |
24 | June | Shanghai | Fengxian District Project | 100% | 75,224.20 | 185,616.00 | 185,616.00 | 1,755.00 |
25 | June | Urumqi | Shuimogou District Project | 100% | 74,110.00 | 264,326.00 | 264,326.00 | 686.70 |
26 | June | Zhangzhou | Longwen District Project(Note 2) | 100% | 40,732.00 | 130,375.00 | 130,375.00 | 1,060.00 |
27 | June | Chengdu | Longquanyi District Project | 100% | 66,349.13 | 191,053.00 | 191,053.00 | 1,512.76 |
28 | July | Fuzhou | Minhou Town Project(Note 2) | 100% | 57,213.00 | 214,697.00 | 214,697.00 | 1,544.00 |
29 | July | Nanjing | Liuhe District Project(Note 2) | 100% | 41,904.41 | 110,420.00 | 110,420.00 | 750.00 |
30 | July | Nanjing | Lukou New Town Project(Note 2) | 100% | 47,929.34 | 85,042.00 | 85,042.00 | 730.00 |
31 | July | Nanjing | Jiangning District Project | 100% | 29,545.56 | 173,914.00 | 173,914.00 | 1,325.00 |
32 | July | Xi'an | Qujiang District Project#1 | 100% | 124,317.25 | 228,438.00 | 228,438.00 | 457.75 |
33 | July | Xi'an | Qujiang District Project#2 | 100% | 68,644.55 | 126,015.00 | 126,015.00 | 252.80 |
34 | July | Qingdao | Jimo City Chuangzhi New District Project | 100% | 42,472.00 | 99,317.00 | 99,317.00 | 500.01 |
35 | July | Guangzhou | Liwan District Project | 16.66% | 38,756.90 | 266,944.00 | 44,472.87 | 666.51 |
36 | July | Zhangzhou | Xiangcheng District Project | 15% | 44,201.00 | 149,643.00 | 22,446.45 | 138.15 |
37 | August | Foshan | Shunde District Project#1 | 100% | 63,103.37 | 243,583.00 | 243,583.00 | 1,399.83 |
38 | August | Zhaoqing | Zhaoqing New District Project | 100% | 91,408.57 | 397,976.00 | 397,976.00 | 1706.50 |
39 | August | Ningbo | Yinzhou New Town Project | 100% | 26,070.00 | 75,980.00 | 75,980.00 | 882.40 |
40 | August | Foshan | Shunde District Project#2(Note 2) | 100% | 18,533.32 | 79,347.00 | 79,347.00 | 611.60 |
41 | September | Zhengzhou | Jingkai District Project#1 | 100% | 71,180.81 | 297,036.00 | 297,036.00 | 1,924.00 |
42 | September | Zhengzhou | Jingkai District Project#2 | 100% | 51,791.99 | 214,466.00 | 214,466.00 | 1,401.00 |
43 | September | Kunming | Panlong District Project#1 | 60% | 136,776.18 | 247,307.00 | 148,384.20 | 1,039.81 |
44 | September | Kunming | Panlong District Project#2 | 60% | 54,956.09 | 104,805.00 | 62,883.00 | 435.24 |
45 | September | Beijing | Daxing District Project | 50% | 40,985.61 | 136,841.00 | 68,420.50 | 840.00 |
46 | September | Shenyang | Hunnan District Project | 100% | 25,535.29 | 75,873.00 | 75,873.00 | 370.26 |
47 | September | Dongguan | Dongcheng District Project | 100% | 16,047.63 | 54,541.52 | 54,541.52 | 431.95 |
48 | September | Xiamen | Tongan District Project#1 | 20% | 33,883.00 | 114,582.00 | 22,916.40 | 313.20 |
49 | September | Xiamen | Tongan District Project#2 | 49% | 38,293.00 | 129,923.00 | 63,662.27 | 867.30 |
50 | September | Changchun | Beihu Keji Kaifa District Project#1 | 100% | 77,446.00 | 245,719.00 | 245,719.00 | 922.77 |
51 | September | Changchun | Beihu Keji Kaifa District Project#2 | 100% | 77,446.00 | 245,991.00 | 245,991.00 | 926.64 |
52 | September | Changchun | Beihu Keji Kaifa District Project#3 | 100% | 75,186.00 | 181,594.00 | 181,594.00 | 684.98 |
53 | September | Changchun | Beihu Keji Kaifa District Project#4 | 100% | 138,670.00 | 413,416.00 | 413,416.00 | 1,264.28 |
54 | September | Changchun | Beihu Keji Kaifa District Project#5 | 100% | 199,698.00 | 517,305.00 | 517,305.00 | 1,868.37 |
55 | September | Chongqing | Yuzhong District Project | 100% | 37,137.00 | 218,072.00 | 218,072.00 | 1,680.00 |
56 | September | Suzhou | Gongye Yuan District Project | 99.5% | 84,922.40 | 221,553.00 | 220,445.24 | 3,533.39 |
57 | October | Fuzhou | Cangshan District Project #1(Note 2) | 100% | 29,795.00 | 100,483.00 | 100,483.00 | 1,267.00 |
58 | October | Fuzhou | Cangshan District Project #2(Note 2) | 100% | 26,516.00 | 89,190.00 | 89,190.00 | 1,127.00 |
59 | October | Dalian | Ganjingzi District Project | 100% | 153,024.90 | 532,540.00 | 532,540.00 | 2,824.61 |
60 | October | Ningbo | Jiangbei District Project | 100% | 60,432.00 | 181,868.00 | 181,868.00 | 2,019.12 |
61 | October | Suzhou | Gongye Yuan District Project#1 | 100% | 39,784.65 | 67,050.00 | 67,050.00 | 1,150.79 |
62 | October | Suzhou | Gongye Yuan District Project#2 | 100% | 33,113.03 | 55,772.00 | 55,772.00 | 919.54 |
63 | October | Suzhou | Gongye Yuan District Project#3 | 100% | 32,794.33 | 55,313.00 | 55,313.00 | 936.09 |
64 | October | Ningbo | Cixishi Mingyuehu Project | 100% | 153,362.00 | 305,426.00 | 305,426.00 | 1,960.00 |
65 | October | Nanjing | Yuhuatai District Project | 65% | 70,346.73 | 330,295.00 | 214,691.75 | 2,808.00 |
66 | October | Jiangmen | Pengjiang District Project #1 | 50% | 27,083.00 | 97,104.00 | 48,552.00 | 223.22 |
67 | October | Jiangmen | Pengjiang District Project #2 | 50% | 46,700.20 | 171,769.00 | 85,884.50 | 406.43 |
68 | November | Beijing | Fangshan District Project | 100% | 33,380.00 | 133,976.00 | 133,976.00 | 1,350.00 |
69 | November | Nanjing | Pukou District Project(Note 2) | 100% | 51,158.25 | 126,573.00 | 126,573.00 | 1,840.00 |
70 | November | Nanjing | Qixia District Project | 65% | 96,410.18 | 381,309.00 | 247,850.85 | 3,191.50 |
71 | November | Chengdu | Tianfu New District Project | 100% | 199,596.06 | 1,799,636.00 | 1,799,636.00 | 4,790.31 |
72 | November | Tianjin | Jingkai District Project | 51% | 37,288.80 | 94,229.80 | 48,057.20 | 999.60 |
73 | November | Tianjin | Binhai New District Project | 34% | 35,187.70 | 98,950.60 | 33,643.20 | 371.93 |
74 | November | Changsha | Yuelu District Project | 33% | 148,264.58 | 614,330.00 | 202,728.90 | 633.91 |
75 | December | Tianjin | Beichen District Project | 33.4% | 18,468.60 | 47,677.00 | 15,924.12 | 207.08 |
76 | December | Beijing | Chaoyang District Project | 16.5159% | 59,511.00 | 125,652.00 | 20,752.56 | 755.60 |
Sub-total for the Group: | 5,239,316.97 | 17,414,111.92 | 14,630,200.83 | 95,116.47 | ||||
Land acquisitions by the COGO Group in 2017 | ||||||||
Land area (m2) | Total GFA (m2) | Attributable GFA (m2) | Land premium (RMB mn) (Note 1) | |||||
Sub-total for the COGO Group: | 931,803.53 | 2,508,046.88 | 2,508,046.88 | 9,401.67 | ||||
TOTAL: | 6,171,120.50 | 19,922,158.80 | 17,138,247.71 | 104,518.14 | ||||
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. | |
3. | Exchange rate of HK$ to RMB is 0.88. |
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 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, 10 January 2018
As at the date of this announcement, Messrs. Yan Jianguo (Chairman and Chief Executive Officer), Luo Liang and Nip Yun Wing are the executive directors; Mr. Chang Ying is the non-executive director; and Mr. Lam Kwong Siu, Madam Fan Hsu Lai Tai, Rita and Mr. Li Man Bun, Brian David are the independent non-executive directors of the Company.
China Overseas Land & Investment Limited published this content on 10 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 January 2018 09:24:16 UTC.
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