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An announcement from China Overseas Grand Oceans Group Limited ( (HK:0081) ) is now available.
China Overseas Grand Oceans Group Limited reported a decrease in property contracted sales and gross floor area (GFA) for April 2025, with sales amounting to RMB2.624 billion and a GFA of 223,000 square meters, marking year-on-year declines of 18.1% and 14.6%, respectively. Despite these declines, the company acquired new projects in Yangzhou and Shaoxing, contributing to a total newly acquired GFA of 504,992 square meters from January to April 2025, at a total land cost of RMB2.982 billion. This strategic acquisition could potentially strengthen the company’s market presence and future growth prospects.
More about China Overseas Grand Oceans Group Limited
China Overseas Grand Oceans Group Limited operates in the real estate industry, focusing on property development and sales. The company is involved in acquiring and developing land for residential and commercial projects across various regions in China.
Average Trading Volume: 8,168,977
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$6.16B
Learn more about 0081 stock on TipRanks’ Stock Analysis page.