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China Overseas Land buys 2 Chinese sites in May; China Overseas Grand buys 4

China Overseas Land & Investment Ltd. acquired two land parcels in the Chinese cities of Urumqi and Chongqing in May for roughly 536.5 million yuan.

The parcels offer a gross floor area of approximately 367,972.14 square meters.

In addition, during the month, the company's associate, China Overseas Grand Oceans Group Ltd., bought four parcels of land with a combined gross floor area of roughly 572,341.20 square meters for roughly 3.44 billion yuan. The sites are in the provinces of Gansu, Jiangsu and Anhui.

As of June 5, US$1 was equivalent to 6.41 yuan.