Edition:
United States

China Merchants Land Ltd (0978.HK)

0978.HK on Hong Kong Stock

1.25HKD
3:59am EDT
Change (% chg)

HK$0.00 (+0.00%)
Prev Close
HK$1.25
Open
HK$1.26
Day's High
HK$1.26
Day's Low
HK$1.22
Volume
7,730,000
Avg. Vol
4,268,867
52-wk High
HK$1.44
52-wk Low
HK$1.05

Latest Key Developments (Source: Significant Developments)

China Merchants Land posts FY profit for year attributable RMB811.4 million
Tuesday, 7 Mar 2017 04:20am EST 

China Merchants Land Ltd <0978.HK> : FY profit for year attributable to owners of company RMB811.4 million versus RMB 185.4 million . FY revenue RMB 11.61 billion versus RMB 6.39 billion .Final dividend in respect of year ended 31 december 2016 of HK$0.045 per share has been proposed.  Full Article

China Merchants Land says Nanjing merchants enters cooperation framework agreement with Chongqing Hanzhi and Jurong Jinhui
Monday, 6 Mar 2017 09:54am EST 

China Merchants Land Ltd <0978.HK> : Nanjing merchants entered into cooperation framework agreement with Chongqing Hanzhi and Jurong Jinhui .Bidded Nanjing 2016g98 land at a consideration of rmb9.81 billion.  Full Article

China Merchants Land says unit obtained land transfer confirmation on Dec 27, 2016
Thursday, 12 Jan 2017 03:36am EST 

China Merchants Land Ltd <0978.HK>: On 27 December 2016, Nanjing Merchants Zhaosheng Property Development Limited obtained the land transfer confirmation .Deal for total consideration of RMB1.02 billion.  Full Article

China Merchants Land updates on JV agreement
Thursday, 24 Nov 2016 07:55am EST 

China Merchants Land Ltd <0978.HK> : merchants nanjing entered into nanjing 2016g60 land cooperation agreement with poly jiangsu and nanjing future land . Registered capital of jv company is rmb20 million . parties will jointly invest in jv company set up in prc specifically to engage in development of nanjing 2016g60 land .merchants nanjing will contribute 33% in registered capital of jv company.  Full Article

China Merchants Land HY net profit RMB50.5 million, down 61 pct<0978.HK>
Thursday, 18 Aug 2016 05:02am EDT 

China Merchants Land Ltd <0978.HK>: No interim dividend was paid, declared or proposed during the six months ended 30 June 2016 . Expected the real estate development investment in the second half of the year would experience a slow growth . Unlikely that the central government will further introduce national relaxation policies as a matter of urgency . For the first half net profit was RMB50.5 million, a decrease of approximately 61% . We will progressively expand into overseas markets" . Says HY revenue RMB 3.33 billion versus RMB 1.40 billion .  Full Article

China Merchants Land updates on Coming Wealth SP agreement<0978.HK>
Thursday, 18 Aug 2016 04:59am EDT 

China Merchants Land Ltd <0978.HK>: Discloseable and connected transactions in relation to the acquisitions of entire equity interests in and shareholders' loans to coming wealth and Cheuk Tat <0978.HK> . Says the company and the seller entered into the coming wealth sp agreement . The company and the seller entered into the cheuk tat sp agreement . Pursuant to cheuk tat sp agreement co has conditionally agreed to purchase, entire share capital of cheuk tat and cheuk tat sale loan for hk$608 million . Co agreed to buy entire share capital of coming wealth and the coming wealth sale loan for about hk$505 million . Says consideration will be funded by new banking facility of the group .  Full Article

China Merchants Land says Jin Yan appointed CFO<0978.HK>
Thursday, 18 Aug 2016 04:58am EDT 

China Merchants Land Ltd <0978.HK>: Appointment of general manager and change of chief financial officer <0978.HK> . Jin Yan been appointed as chief financial officer of the company, with effect from 18 August 2016. . Yu zhiliang an executive director of the company, has been re-designated as general manager from chief financial officer .  Full Article

China Merchants Land issues HY profit forecast<0978.HK>
Friday, 22 Jul 2016 04:21am EDT 

China Merchants Land Ltd <0978.HK>: Group is expected to record increase in the profit for the six months ended 30 June 2016 . For six months ended 30 June 2016, group is expected to record decline in profit attributable to owners of company . Expected increase in profit due to increase in total gross floor area of properties completed and delivered .Expected decrease in net profit for six months ended 30 June due to exchange loss recorded for six months ended 30 June 2016.  Full Article

China Merchants Land April to June contracted sales about RMB4.93 bln<0978.HK>
Thursday, 7 Jul 2016 06:14pm EDT 

China Merchants Land Ltd <0978.HK>: Unaudited operating statistics for the six months ended 30 June 2016 <0978.HK> . From 1 April 2016 to 30 June 2016 achieved aggregate contracted sales of approximately RMB4.93 billion .  Full Article

China Merchants Land says Merchants Nanjing enters land cooperation agreement<0978.HK>
Thursday, 30 Jun 2016 08:59am EDT 

China Merchants Land Ltd <0978.HK>: Merchants Nanjing entered into the Nanjing 2016g01 land cooperation agreement with Nanjing Renyuan and Poly Jiangsu . Deal for total consideration of RMB4.82 billion . Pursuant to deal a jv company will be set up in the PRC specifically to engage in the development of the Nanjing 2016g01 land . Chairman of the board of directors of the jv company shall be a director nominated by Merchants Nanjing . Says jv will be owned as to 36% by Merchants Nanjing, 33% by Nanjing Renyuan and 31% by Poly Jiangsu .  Full Article

More From Around the Web

BRIEF-China Merchants Land posts FY profit for year attributable RMB811.4 million

* FY profit for year attributable to owners of company RMB811.4 million versus RMB 185.4 million