BRIEF: Jinmao’s August sales jump 46%

Property developer China Jinmao Holdings Group Ltd. (0817.HK) said on Tuesday it recorded sales of 9.08 billion yuan ($1.28 billion) in August, up 46% year-on-year and up 7.3% from July.

The company’s cumulative contracted sales for the first eight months of this year rose 25.7% year-on-year to 70.88 billion yuan. Its sales by total floor area during the eight-month period totaled 3.18 million square meters.

Shares of China Jinmao opened flat at HK$1.52 on Wednesday. The stock is up over 50% since the start of this year.

By Lau Chi Hang

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