China Merchants Shekou sales rise, acquires new land

China Merchants Shekou Industrial Zone Holdings (SZSE:001979) announced a strong sales performance for February 2025, achieving contracted sales area of 417300 square meters and a total contracted sales amount of 10.439 billion yuan. From January to February 2025, the company's cumulative contracted sales area reached 863200 square meters, with a cumulative contracted sales amount of 19.453 billion yuan. The company also disclosed recent land acquisitions, including residential land in Foshan, Guangdong, and Jiading District, Shanghai. These acquisitions include a 51% stake in land in Nanhai District, Foshan (area of 8900 sq meters, 31700 sq meter floor space), a 100% stake in land in Shunde District, Foshan (area of 67300 sq meters, 181500 sq meter floor space), and a 100% stake in land in Jiading District, Shanghai (area of 38000 sq meters, 83500 sq meter floor space), for 4.867, 127.053 and 266.03 million yuan respectively.