China Overseas Land & Investment (HK:0688) has released an update.
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China Overseas Land & Investment Limited has reported a significant 40.6% year-on-year increase in contracted property sales for June 2024, reaching about RMB 46.677 billion, while the sales area rose by 6.4%. However, the first half of the year saw a downturn, with accumulated sales and area dropping by 17.6% and 32.3% respectively, compared to the previous year. The company anticipates additional sales with RMB 13.088 billion in subscribed property sales set to convert to contracts soon.
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