China Merchants Land Limited (HK:0978) has released an update.
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China Merchants Land Limited has provided additional details on their 2023 financial dealings, clarifying the reasons behind advance distributions to non-controlling shareholders and the transfer of excess funds in project companies. These financial moves aim to enhance the efficiency of capital use and boost the return on investment, ultimately seeking to increase shareholder value. The company confirmed that this supplemental information complements the original 2023 Annual Report without altering any previously disclosed information.
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