China Overseas Grand Oceans Group Limited (HK:0081) has released an update.
China Overseas Grand Oceans Group Limited reported a significant year-on-year decrease in property contracted sales and GFA for August 2024, with figures dropping by 34.6% and 25.3%, respectively. The cumulative sales from January to August 2024 also saw a decline, with a 25.8% decrease in contracted sales and a 20.6% dip in GFA compared to the previous year. No new land was acquired by the Group in August, while the total GFA acquired since the start of the year reached 425,327 square meters, at a cost of RMB2.11 billion.
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