Land Bank

Land bank deal boosts shares of for Shenzhen Investment

Shenzhen Investment’s share price (HK$)

Property developer Shenzhen Investment's shares surged yesterday after the company said it plans to acquire a site in Shenzhen from its shareholder Shum Yip Group.

Thursday, 24 January, 2013, 4:58am

Reclamation outside harbour must be considered

I refer to the report ("Land bank rethink in population slowdown", August 20).

The article suggested that the government's strategy to build up a land bank might have to be revised because the Census and Statistics Department recently lowered Hong Kong's projected population from 8.89 million in 2039 to 8.47 million in 2041.

11 Sep 2012 - 2:37am

Make land offenders pay for flouting rules

Nothing, it seems, is more valued in Hong Kong than land. It's strictly controlled by laws and regulations and when it's up for sale, attracts among the world's highest prices. Almost 40 per cent is protected for conservation and recreation. Given its importance, you would expect the maintenance of its value to be one of our chief priorities.

13 Sep 2010 - 12:00am

CR Land pays HK$3.57b for four sites and hotel

China Resources Land has agreed to acquire four development sites and a hotel on the mainland for HK$3.57 billion from parent China Resources (Holdings).

The deal will increase the company's land bank by 2.36 million square metres of gross floor area.

1 Aug 2009 - 12:00am

Agile plans 18 projects on larger land bank

Guangdong-based Agile Property Holdings said it had increased its land bank and planned to launch 18 projects over the next year while substantially lowering its debt-equity ratio.

The company yesterday posted a first-half net profit increase of 2.8 per cent from last year to 602 million yuan, as sales jumped 4.9 per cent to 3.2 billion yuan.

18 Sep 2007 - 12:00am

The story by numbers

Reorganised into current shareholding structure 1982 and currently comes under the control of the State-owned Assets Supervision and Administration Commission. Has 19 subsidiaries and offshoots, as well as 18 overseas units, including Hong Kong-listed China Overseas Land.

1 May 2006 - 12:00am

Topping up the land bank

Sino Land says it will continue to acquire land to maximise its future earnings potential after achieving a record high full-year profit of $5.22 billion.

7 Oct 2005 - 12:00am

China Vanke in rights issue

Property developer China Vanke is to launch a rights issue of B shares to raise up to $81 million. Proceeds will be used to fund mainland property projects, replenish its land bank and expand into premium gift manufacturing. The issue involves 19.29 million B shares, priced at $4.20 each, a 50.4 per cent discount to its close of $8.48 yesterday.

27 Jun 1997 - 12:00am

Hang Lung faces dwindling appeal

Hang Lung Development Recommendation: Sell Brokerage: Seapower Research HANG Lung Development, the fourth-largest listed property company in Hong Kong, has suffered from poor property sales in the second half of the 1995 financial year and a mild decline in its net profit is envisaged.

1 Oct 1995 - 12:00am

Ryoden gets $625m loan

PROPERTY developer Ryoden Development has signed a $625 million four-year loan with Japanese bankers and says it will use the proceeds to top up its land bank in Hong Kong and in China.

It will also use part of the loan to refinance part of its long-term liabilities.

20 Jan 1995 - 12:00am

Developer harvests Klang Valley growth

Market: Malaysia Company: Sime UEP Properties Recommendation: Buy Brokerage: S. G. Warburg A 15 per cent rise in the price of its residential developments should guarantee margins and earnings growth for Sime UEP Properties.

13 Nov 1994 - 12:00am

Firm boosts its land bank

GUANGZHOU Investment, which has a limited local land bank, is eager to increase its Hong Kong property holdings and is currently negotiating for a development site with a locally-listed company.

24 Feb 1994 - 12:00am

Gold-Face in $153m offer

GOLD-FACE holdings, a property firm partly owned by former legislator Tai Chin-wah, will open a $153 million public offering next Tuesday to finance property development and cut debts.

The company, which has a land bank of about 500,000 sq ft, will offer 120 million new shares and 30 million existing shares at $1.02 each.

23 Sep 1993 - 12:00am