Summary by Futu AI
China Overseas Development Limited announced on 7 May 2024 the property sales and land acquisition for the four months ended 30 April 2024. The contract property sales of the Company and its subsidiaries, joint ventures and joint ventures amounted to approximately RMB217.95 billion, a decrease of 36.0% year-on-year and a sales area of approximately 933,400 square meters, a decrease of 24.9%. Cumulative sales in January-April 2024 were approximately RMB820.00 billion and sales area was approximately 2,955,600 square meters, down 30.3% and 46.3%, respectively. In addition, the company recorded sales of approximately RMB150.92 billion, which are expected to translate into contract sales in the coming months. The Company emphasizes that the data in this announcement have not been reviewed or reviewed by external auditors and are for investor reference only and are not an offer to buy or sell securities. Shareholders and potential investors should exercise caution and are advised to seek professional advice before investing.