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News Breaks
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November 28, 2011
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| 08:37 EDT |  | CHLN |
| theflyonthewall.com: | China Housing announces new land acquisition | | China Housing & Land Development announced that the company has signed an agreement with the local government to acquire a new land parcel in Ankang, China. China Housing paid a total of RMB82.4M. or approximately $12.9M, which was financed by internally generated funds, for the land use rights for the Ankang land parcel. The land parcel offers a total site area of approximately 74,819 square meters. The company intends to develop middle income residential units on the site with an estimated gross floor area, or GFA, of 261,867 square meters. The development period of the project is expected to begin in Q1 of 2012 and is estimated to last approximately three years. The company plans to start presales in Q3 of 2012 and anticipates that this new development project will generate revenue of approximately RMB1.1B, or $171.9M, over the life of the project. :theflyonthewall.com |
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May 15, 2012
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| 06:08 EDT |  | CHLN |
| theflyonthewall.com: | China Housing reports Q1 EPS 6c, consensus 1c | | Reports Q1 revenue $23.5M increased from $22.6M in Q1 of 2011 -- but is down 50.9% from $47.9M in Q4 of 2011. One estimate $16.87M :theflyonthewall.com |
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