News: Jiangsu Future Land Co Ltd (900950.SS)

900950.SS on Shanghai Stock Exchange

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30 Jul 2014
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Fri, Aug 22 2014

Fitch: Future Land's Good Results Do Not Reduce Structural Subordination

(The following statement was released by the rating agency) HONG KONG, August 22 (Fitch) Fitch Ratings, Hong Kong/Singapore, 22 August 2014: Fitch Ratings says today that although Chinese homebuilder Future Land Development Holdings Limited (Future Land; B+/Stable) consolidated financial performance in 1H14 was strong, it was driven mainly by the robust performance at its 58.86%-owned subsidiary, Jiangsu Future Land (JFL). The results do not reduce the structural subordination in Future Lan

BRIEF-Jiangsu Future Land's Jan-Jul contract sales up 35.1 pct

* Says Jan-Jul contract sales at 9.95 billion yuan (1.61 billion US dollar) , up 35.1 percent y/y

BRIEF-Jiangsu Future Land's H1 contract sales at about 8.1 bln yuan, up 27.5 pct

* Says Jan-Jun contract sales at about 8.07 billion yuan ($1.30 billion), up 27.5 percent y/y

BRIEF-Jiangsu Future Land wins bid for residential land in Zhejiang for 403 mln yuan

* Says wins bid for a piece of residential land in Zhejiang province for 403 million yuan ($64.71 million)

BRIEF-China's Jiangsu Future Land's unit wins land auction in Nanjing for 3 bln yuan

* Says unit wins land auction in Nanjing city for 3 billion yuan ($482.92 million)

BRIEF-Jiangsu Future Land posts 47.9 pct rise in Jan-Feb contract sales to 2.2 bln yuan

* Says Jan-Feb contract sales at 2.16 billion yuan ($351.62 million), up 47.88 percent y/y

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