China Overseas Land & Investment (HK:0688) has released an update.
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China Overseas Land & Investment Limited reports a dip in contracted property sales for August 2024, with a 2.0% decrease in revenue and a 3.3% fall in sales area compared to last year. The cumulative sales for the January-August period also saw a downturn, with a 14.7% decrease in revenue and a 28.4% reduction in sales area year-on-year. Despite the decline, the company anticipates an additional RMB12.334 billion in subscribed property sales to convert into contracts in the near future.
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