China Overseas Land and Investment Limited
Encyclopedia
China Overseas Land and Investment Limited (Traditional Chinese:中國海外發展有限公司, Simplified Chinese: 中国海外发展有限公司) , "China Overseas" or "COLI" in short form and the subsidiary
of China State Construction Engineering Corporation, was incorporated
in Hong Kong
in June 1979. It is engaged in construction
and contracting, property
development and infrastructure
investment
, with operations currently in Hong Kong, Macau
and Mainland China
.
China Overseas was listed in the Hong Kong Stock Exchange
as a red chip
stock in August 1992.
In July 2005, it spun off its construction business and formed China State Construction International Holdings Limited ("CSCI"), which was listed on the Hong Kong Stock Exchange.
On 10 December 2007, it was selected to be a Hang Seng Index
Constituent Stock (blue chip).
China Overseas Land and Investment’s property development, property investment and other activities are carried out in Hong Kong, Macau and regions in the Peoples Republic of China other than Hong Kong and Macau. All infrastructure project investments are located in the Peoples Republic of China. On November 28, 2008, the Company disposed Value Idea Investments Limited.
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of China State Construction Engineering Corporation, was incorporated
Incorporation (business)
Incorporation is the forming of a new corporation . The corporation may be a business, a non-profit organisation, sports club, or a government of a new city or town...
in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
in June 1979. It is engaged in construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
and contracting, property
Property
Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
development and infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
, with operations currently in Hong Kong, Macau
Macau
Macau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...
and Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
.
China Overseas was listed in the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
as a red chip
Red chip
Red chips stocks are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. The actual business is based in mainland China and controlled, either directly or indirectly, by the central, provincial or municipal governments of the Peoples' Republic of China...
stock in August 1992.
In July 2005, it spun off its construction business and formed China State Construction International Holdings Limited ("CSCI"), which was listed on the Hong Kong Stock Exchange.
On 10 December 2007, it was selected to be a Hang Seng Index
Hang Seng Index
The Hang Seng Index is a freefloat-adjusted market capitalization-weighted stock market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong...
Constituent Stock (blue chip).
Business areas
China Overseas Land and Investment operates in four segments: property development, which is engaged in the development and sales of properties; property investment, which is engaged in property letting; infrastructure, which is engaged in the investments in entities undertaking toll highways, and other operations, which is engaged in property management, property agency, logistics operations, building design consultancy services, supply of heat and electricity and securities trading.China Overseas Land and Investment’s property development, property investment and other activities are carried out in Hong Kong, Macau and regions in the Peoples Republic of China other than Hong Kong and Macau. All infrastructure project investments are located in the Peoples Republic of China. On November 28, 2008, the Company disposed Value Idea Investments Limited.
See also
- Real estate in the People's Republic of ChinaReal estate in the People's Republic of ChinaReal estate in the People's Republic of China is developed and managed by public, private, and state-owned red chip enterprises. Currently the market is experiencing tremendous growth and the central government has implemented measures to tighten interest rates, increase deposit and impose...
- Glorious Property HoldingsGlorious Property HoldingsGlorious Property Holdings Limited is a Shanghai-based property developer, established in 1996. It has a land bank of 13.6 million square meters in cities like Shanghai, Beijing and Tianjin....
- China Resources LandChina Resources LandChina Resources Land Limited is a property developer of China Resources Group. Its business is the development and management of residential and investment properties in Mainland China major cities including Beijing, Shanghai, Shenzhen, Chengdu, Wuhan and Hefei, Hangzhou, Wuxi, Dalian, Ningbo,...