China Resources Land Ltd (1109.HK)
2 Dec 2016
* Inside Information & Discloseable Transaction In Relation To Subscription Of Shares
* For Oct, co and its subsidiaries achieved contracted sales of approximately rmb11.30 bln Source text for Eikon: Further company coverage:
* For month ended 30 September 2016, company and its subsidiaries achieved contracted sales of approximately rmb8.35 billion
(The following statement was released by the rating agency) HONG KONG, August 31 (Fitch) China Resources Land Ltd's (CR Land; BBB+/Stable) latest results support the ratings on the homebuilder, Fitch Ratings says. CR Land has maintained strong contracted sales growth, which is likely to accelerate when its parent, China Resources Holdings (CRH), completes its planned asset injections. Leverage, as measured by net debt/adjusted inventory, increased to 19.7% at end-June 2016 from 15.9% at end
* To focus land purchases on major third-, second-tier cities
HONG KONG, Aug 26 State-backed property developer China Resources Land Ltd said on Friday core profit jumped 25.5 percent in the first half, citing strong growth in housing sales amid market recovery.