Beijing Knife Gate Valve Manufacturers Capital Land's contracted sales hit RMB 1.4 bln in Sep

Beijing Knife Gate Valve Manufacturers Capital Land's contracted sales hit RMB 1.4 bln in Sep
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Beijing Capital Land's contracted sales hit RMB 1.4 bln in SepPublished: 07 Oct 2009 18:39:38 PST

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Oct. 8, 2009 (China Knowledge) - Beijing Capital Land Ltd<2868>, which is engaged in real estate development and hotel operation, has announced that its contracted sales during the period from Sep. 1 to Sep. 27 soared 490% year on year to RMB 1.4 billion.

The figure reflects a 13% increase compared with the RMB 1.24 billion the developer recorded in August.

During the same period, Beijing Capital Land saw contracted sales area surge 475% year on year to 110,000 sq m.

In the first nine months of this year, the company's contracted sales were RMB 9.1 billion, up 292% from the same period of last year, while its contracted sales area rose 399% year on year to 860,000 sq m. Contracted sales in the period surpassed the company's target of RMB 8 billion for 2009.

Beijing Capital Land is waiting for approval from the China Securities Regulatory Commission to list in Shanghai via the issuance of up to 1.4 billion A shares, according to an earlier report from China Knowledge.
 


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