China Overseas Land & Investment Limited
0688Company Overview
The Company is a publicly listed company incorporated in Hong Kong, China, and its shares are listed on the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”). The Company's immediate parent company is China Overseas Group Limited (“China Overseas Group”), which is a company incorporated in Hong Kong. The Company's ultimate holding company is China Construction Group Co., Ltd. (“China Construction Group”). The company is a company incorporated in the People's Republic of China and its major shareholder is the Chinese government. The Company's registered office and principal place of business is on the 10th floor of Pacific Place Tower 3, 1 Queen's Road East, Hong Kong. The Group's main business locations are Hong Kong, China, Macau, Guangzhou, Shanghai, Beijing, Tianjin, Jinan, Foshan, Chengdu, Nanjing, Suzhou and other regions of China. The Company's functional currency is RMB. The directors of the Company believe that Hong Kong dollars are the appropriate currency for users of the Group's financial statements, so the financial information is presented in Hong Kong dollars. The Group, including the Company and its subsidiaries, is mainly engaged in property development and investment, and financial operations.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | China Overseas Land & Investment Limited |
| Ticker | 0688 |
| Main Business | Real Estate—Development |
| Type | Common Stock |
| Industry | Real Estate—Development |
| Country | HK |
| Market Cap | $19.30 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Property development | $85,910.0 | $0.0 | - |
| Property investment | $2,430.0 | $2,430.0 | investment |
| Other business | $814.2 | $0.0 | - |
| Interest income | $0.0 | $0.0 | - |
| Total | $89,154.2 | $2,430.0 | 2.65% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| bank loans and overdrafts | $2,963,585,434.2 | 15.36% |
| long term bank loan | $20,187,675,070.0 | 104.60% |
| convertible notes and bonds | $10,162,464,986.0 | 52.66% |
| Total Interest-Bearing Debt | $33,313,725,490.2 | 172.62% |
| Market Capitalization | $19,299,282,051.3 | 100.00% |
| Compliance Status | Threshold: 33% | failed |