State-owned developer China Overseas Land & Investment said it will accelerate investment in Hong Kong to take advantage of opportunities in the Greater Bay Area initiative after it reported first-half profit rose 25 per cent.
The blue-chip developer saw net profit for the first six months expand to HK$21.7 billion driven by higher selling prices and valuation gains during the period.
Revenue was up 3.5 per cent to HK$87.2 billion. Gross margins improved by 3 percentage points to 30.5 per…
Source : South China Morning Post
Read more…China Overseas Land to accelerate investment in Hong Kong after posting 25pc interim profit gain















