Edition:
India

China Merchants Land Ltd (0978.HK)

0978.HK on Hong Kong Stock

1.55HKD
17 Jan 2018
Change (% chg)

HK$-0.04 (-2.52%)
Prev Close
HK$1.59
Open
HK$1.58
Day's High
HK$1.58
Day's Low
HK$1.54
Volume
3,990,000
Avg. Vol
8,130,779
52-wk High
HK$1.92
52-wk Low
HK$1.07

Latest Key Developments (Source: Significant Developments)

China Merchants Land Qtrly Aggregate Contracted Sales Rmb6.76 Bln
Monday, 8 Jan 2018 

Jan 8 (Reuters) - China Merchants Land Ltd <0978.HK>::QTRLY AGGREGATE CONTRACTED SALES RMB6.76 BILLION.  Full Article

China Merchants Land Announces Disposal Of Stake In Foshan Merchants Brilliant Property
Monday, 18 Dec 2017 

Dec 18 (Reuters) - China Merchants Land <0978.HK>::DISPOSAL OF 50% EQUITY INTEREST IN FOSHAN MERCHANTS BRILLIANT PROPERTY .DEAL FOR ABOUT RMB2.11 BILLION.PURCHASER IS FOSHAN YI YUN PROPERTY DEVELOPMENT CO​‍​.  Full Article

China Merchants Land Says Merchants Nanjing & Nanjing Vanke Enter Into Cooperation Agreement​
Friday, 8 Dec 2017 

Dec 8 (Reuters) - China Merchants Land Ltd <0978.HK>::‍MERCHANTS NANJING & NANJING VANKE ENTERED INTO COOPERATION AGREEMENT​.‍NANJING VANKE AGREED TO TRANSFER 14.28% OF REGISTERED CAPITAL OF NANJING HUIHE TO MERCHANTS NANJING.MERCHANTS NANJING TO BEAR PREVIOUS CONTRIBUTION MADE BY NANJING VANKE, ALONG WITH FUND POSSESSION FEE OF ABOUT RMB806.3 MILLION​.‍TOTAL INVESTMENT BY GROUP ABOUT RMB9.5 BILLION & MERCHANTS NANJING'S TOTAL FINANCIAL COMMITMENT​ ABOUT RMB1.36 BILLION.  Full Article

China Merchants Land Controlling Shareholder To Subscription Shares In Co's units
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - China Merchants Land Ltd <0978.HK>::CONTROLLING SHAREHOLDER SUCCESS WELL ENTERED INTO SHARE SUBSCRIPTION AGREEMENTS WITH CO'S UNITS EUREKA AND GOOD EASE.DEAL FOR FOR ALLOTMENT OF 400 SHARES BY SUCCESS WELL TO EUREKA.  Full Article

China Merchants Land expects higher profit for year ending Dec. 31, 2017​
Monday, 20 Nov 2017 

Nov 20 (Reuters) - China Merchants Land Ltd <0978.HK>::For year ended Dec. 31, 2017, year on year profit attributable increase expected to be no less than 80 percent​.Expected result due to expected ‍substantial increase in gross profit for FY ending 31 december 2017​.Expects FY revenue & profit attributable to record substantial gains‍​.  Full Article

China Merchants Land says unit and Chongqing Hanzhi to form JV
Friday, 17 Nov 2017 

Nov 17 (Reuters) - China Merchants Land Ltd <0978.HK>::‍Chongqing Merchants and Chongqing Hanzhi to form JV to develop Chongqing Land​.Total investment value is estimated at about RMB2.36 billion.Co's total financial commitment in JV company is about RMB1.18 billion.  Full Article

China Merchants Land achieved aggregate contracted sales of RMB17.39 bln ‍for 9 months
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - China Merchants Land Ltd <0978.HK>:For period from 1 July 2017 to 30 Sept 2017, group achieved aggregate contracted sales of approximately RMB4 billion​.‍for nine months ended 30 Sept, group achieved aggregate contracted sales of about RMB17.39 billion​.  Full Article

China Merchants Land Group expects to record an increase in HY revenue and profits
Monday, 10 Jul 2017 

July 10 (Reuters) - China Merchants Land Ltd <0978.HK> ::Group is expected to record a substantial increase in revenue and profits for six month period ended 30 June 2017.Group is expected to record at least 300% jump in profit attributable to owners of company for six month period ended 30 June 2017.Expected result due to a fair value gain recorded on derivative financial instruments for six month period ended 30 June 2017.  Full Article

China Merchants Land updates on acquisition of land
Friday, 10 Feb 2017 

China Merchants Land Ltd <0978.HK> :obtained land transfer confirmation for the land use right in foshan for a total consideration of rmb135.3 million..  Full Article

China Merchants Land HY net profit RMB50.5 million, down 61 pct<0978.HK>
Thursday, 18 Aug 2016 

China Merchants Land Ltd <0978.HK>: No interim dividend was paid, declared or proposed during the six months ended 30 June 2016 . Expected the real estate development investment in the second half of the year would experience a slow growth . Unlikely that the central government will further introduce national relaxation policies as a matter of urgency . For the first half net profit was RMB50.5 million, a decrease of approximately 61% . We will progressively expand into overseas markets" . Says HY revenue RMB 3.33 billion versus RMB 1.40 billion .  Full Article

BRIEF-China Merchants Land Qtrly Aggregate Contracted Sales Rmb6.76 Bln

* QTRLY AGGREGATE CONTRACTED SALES RMB6.76 BILLION Source text for Eikon: Further company coverage: