Date
18 October 2018

Country Garden meets 2013 sales target in 9 months, filing says

Property developer Country Garden Holding Co. Ltd. (02007.HK) said in a regulatory filing on Tuesday that its contracted sales for the nine months ended Sept. 30 totaled 64.7 billion yuan (US$10.58 billion), surpassing the 62 billion yuan target it set for this year. The company also said it will review its internal procedures to ensure sensitive information remains confidential, after reports emerged on Tuesday that president Mo Bin said in an internal memo that Country Garden amassed 18.5 billion yuan of contracted sales during the weeklong National Day holiday ended Oct 7. The developer clarified in the filing that the sales figures were preliminary numbers disclosed to a small group of senior staff for internal discussion. 

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AC/SK

 

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