China Overseas Grand Oceans Group Logs 58% Higher Contracted Sales for October

MT Newswires Live
2024-11-06

China Overseas Grand Oceans Group (HKG:0081) recorded contracted sales of around 5.05 billion yuan in October, up 57.9% from the year-ago period, and the contracted gross floor area for the month, up by 58.5% year-on-year to 430,900 square meters, a Wednesday Hong Kong bourse filing said.

From January to October, contracted sales and contracted gross floor area reached 31.5 billion yuan and 2.8 million square meters, respectively, down 16.4% and 12% from the year-ago period.

As of Oct. 31, the property company's subscription sales reached 892 million yuan, with a subscription gross floor area of 71,700 square meters.

In the 10 months ended Oct. 31, the company acquired a total gross floor area of 607,106 square meters for a total of 2.83 billion yuan.

The company's shares closed nearly 2% lower on Wednesday.

Price (HKD): $2.16, Change: $-0.040, Percent Change: -1.82%

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