Concord Land Development - 1121- Profile

Concord Land Development Company Limited develops and invests in properties for sale and rental purposes. Other activities of the group include property development, management services, investment holding, property investment, property holding and provision of finance. The operation of the group are carried out in Hong Kong and the People's Republic of China. Sale of properties under development accounted for 95% of 1999 revenues and rental and investments, 5%. The group incurred $4 million year 2000 expenses.