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”) as follows:
For December 2016, the property contracted sales amounted to HK$2,224 million and the contracted GFA reached 190,400 square meters. From January to December 2016, the total property contracted sales amounted to HK$24,004 million and the total contracted GFA reached 2,673,800 square meters. As at the end of December 2016, the property subscription sales amounted to HK$1,503 million and the subscription GFA reached 140,400 square meters.
In December 2016, the Group acquired four new projects in Ganzhou, Jiangxi Province, Xuzhou and Nantong, Jiangsu Province with an attributable GFA of 643,273.00 square meters and the total attributable land cost was RMB 3,386.41 million. Details of the new projects acquired during the period from 1 January to 31 December 2016 are set out in the following:
|No||Date||City||Name of Project||Attributable Interest||Land Area
|Attributable Land Cost (RMB mn)|
|1||02/08/2016||Shantou||Binhai New Town Project||51%||55,994.20||221,036.91||112,728.82||271.58|
|2||12/08/2016||Yancheng||South City New District Project#1||80%||73,209.00||211,808.00||169,446.40||223.73|
|3||12/08/2016||Yancheng||South City New District Project#2||80%||58,315.00||170,025.00||136,020.00||195.47|
|4||24/08/2016||Lanzhou||Anning District Project||100%||22,739.20||106,578.76||106,578.76||307.44|
|5||14/12/2016||Ganzhou||Zhangjiang New District Project #1||100%||75,791.50||178,760.00||178,760.00||870.48|
|6||21/12/2016||Ganzhou||Zhangjiang New District Project #2||100%||64,582.00||189,116.00||189,116.00||849.22|
|8||30/12/2016||Nantong||Chongchuan District Project||100%||93,994.00||189,917.00||189,917.00||1,540.56|
Note: The above table does not include those property projects acquired by the Company from China Overseas Land & Investment Limited mentioned in the circular dated 4 November 2016 and published on the website of Hong Kong Exchanges and Clearing Limited and the Company’s website.
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
Chairman and Non-Executive Director Xiao Xiao
Hong Kong, 11 January 2017