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ChinaScope Financial
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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • AGPYF.PK - Agile Property To Spend CNY 10-13 Bn On Land Purchase In 2013 0 comments
    Mar 27, 2013 12:42 AM | about stocks: AGPYF, AGPYY

     

    Prepared by ChinaScope Financial | Source: Tencent Finance
    • WEI Jingxin, General Manager of Agile Property Holdings Ltd. (03383: HKG), said the company plans to spend CNY 10-13 billion on land purchase and CNY 17 billion on housing construction this year. It has set the contracted sales target for 2013 at CNY 42 billion.
    • CHEN Zhuolin, Chairman of the company, added that the company will mainly purchase fifteen to twenty land parcels worth CNY 0.5 to 1.0 billion each. Last year, it spent only CNY 2.79 billion on eight land plots.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: real estate, property, land, china Stocks: AGPYF, AGPYY
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