China Overseas Land & Investment Ltd http://www.alacrastore.com/company-snapshot/China_Overseas_Land_Investment_Ltd-1069072 Friday, July 25, 2008 6:26:41 PM 1069072 China Overseas Land & Investment Ltd en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/658610spcred/658610normThe latest Full Report from S&Pglobalstructured7/9/2008 4:21:34 AM400Full Report658610ChinaReal Estate Management & DevelopmentAsiaEmerging MarketsGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesCapital GoodsFull ReportGeographically well-diversified development portfolio Satisfactory execution of business expansion, leading to improved market position Strong liquidity and financial flexibility Aggressive growth plan Lack of recurring income Cyclical Chinese property market with high regulatory risk The rating on China Overseas Land&Investment Ltd. (COLI) reflects the company's leading market position, its geographically diverse property development portfolio, the successful execution of its national expansion, and its strong liquidity and financial flexibility. The above strengths are partly offset by COLI's aggressive growth plan. The company's revenue has grown at more than 50% a year in the past two years, and should continue to increase at more than 20% a year in the next three to five years. COLI has gradually moved awayCHN16940340403010 404030 4040 40China Overseas Land&Investment Ltd.300230ASIAEMERGING688@HKFULLGLOBISSSTRUCCORPRECCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/658611spcred/658611normThe latest Summary from S&Pglobalstructured7/9/2008 4:21:00 AM175Summary658611ChinaReal Estate Management & DevelopmentAsiaEmerging MarketsGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesCapital GoodsSummaryThe rating on China Overseas Land&Investment Ltd. (COLI) reflects the company's leading market position, its geographically diverse property development portfolio, the successful execution of its national expansion, and its strong liquidity and financial flexibility. The above strengths are partly offset by COLI's aggressive growth plan. The company's revenue has grown at more than 50% a year in the past two years, and should continue to increase at more than 20% a year in the next three to five years. COLI has gradually moved away from a strategy of generating recurring income from infrastructure assets. Combined revenue from infrastructure and investment properties accounted for less than 1% of total revenue in 2007, much lower than our original expectation. WhileCHN16940340403010 404030 4040 40China Overseas Land&Investment Ltd.300230ASIAEMERGING688@HKSUMMARYGLOBISSSTRUCCORPRECCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_155517_820537613moodys/PR_155517_820537613htmlGlobal Credit Research Announcement ## MAY #### Announcement: Country Garden Holdings Company Limited Moody's sees no rating impact for now of China quake on developers Hong Kong, May ##, #### -- Moody's Investors Service says that...5/17/2008 12:34:06 AMhtmlCountry Garden Holdings Company LimitedNeo-China Land Group (Holdings) LimitedCoastal Greenland LimitedChina Properties Group LimitedShanghai Zendai Property LimitedLai Fung Holdings LimitedGreentown China Holdings LimitedShimao Property Holdings LimitedAgile Property Holdings LimitedHopson Development Holdings LimitedRoad King Infrastructure LimitedSRE Group LimitedChina Overseas Land & Investment LimitedAgile Property Holdings Limited; China Overseas Land & Investment Limited; ...820537613820305936820190603820169680820110426820062474809847800809824105809582939808822087807638221807493857600012308150.0000NewsAnnouncementPR_155517_820537613Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_153290_820537613moodys/PR_153290_820537613htmlGlobal Credit Research Announcement ## APR #### Announcement: Country Garden Holdings Company Limited Moody's outlook for China property development sector negative Hong Kong, April ##, #### -- Moody's Investors Service has a negative...4/17/2008 2:40:43 AMhtmlCountry Garden Holdings Company LimitedNeo-China Land Group (Holdings) LimitedCoastal Greenland LimitedChina Properties Group LimitedShanghai Zendai Property LimitedLai Fung Holdings LimitedGreentown China Holdings LimitedShimao Property Holdings LimitedAgile Property Holdings LimitedHopson Development Holdings LimitedRoad King Infrastructure LimitedSRE Group LimitedChina Overseas Land & Investment LimitedAgile Property Holdings Limited; China Overseas Land & Investment Limited; ...820537613820305936820190603820169680820110426820062474809847800809824105809582939808822087807638221807493857600012308150.0000NewsAnnouncementPR_153290_820537613Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/bir/1209051bir/1209051normChina Overseas Land and Investment Ltd.Hong KongReal Estate: Property investment, development and management; building and civil construction; foundation engineering and project management; generation and supply of heat and electricity; real estate agency.6531655267198711162216231629491153121022112223711023721023731023799054133055111230FK006883/26/2008 6:18:16 AM1209051Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/moodys/COP_600012308moodys/COP_600012308htmlGlobal Credit Research Credit Opinion ## APR #### Credit Opinion: China Overseas Land & Investment Limited China Overseas Land & Investment Limited Hong Kong Ratings Category Moody's Rating Outlook Stable Issuer Rating Baa# China Overseas...1/3/2008 7:54:00 PMhtmlChina Overseas Land & Investment LimitedChina Overseas Land & Investment Limited600012308150.0000NewsCredit OpinionCOP_600012308Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_143755_820537613moodys/PR_143755_820537613htmlAnnouncement11/7/2007 12:25:16 AMGlobal Credit Research Announcement # NOV #### Announcement: Country Garden Holdings Company Limited Moody's: China developers outlook favorable, but challenges evident Hong Kong, November ##, #### -- Moody's Investors Service says...Country Garden Holdings Company Limited820537613150.0000Newshtml820492873Neo China Group (Holdings) Ltd.820190603Coastal Greenland Limited820169680China Properties Group Limited820110426Shanghai Zendai Property Limited820062474Lai Fung Holdings Limited809847800Greentown China Holdings Limited809824105Shimao Property Holdings Limited809582939Agile Property Holdings Limited808822087Hopson Development Holdings Limited807638221Road King Infrastructure Limited807493857SRE Group Limited600012308China Overseas Land & Investment LimitedAgile Property Holdings Limited; China Overseas Land & Investment Limited; ...PR_143755_820537613Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_139117_820358189moodys/PR_139117_820358189htmlAnnouncement8/10/2007 12:30:34 AMGlobal Credit Research Announcement # AUG #### Announcement: Hong Long Holdings Limited Moody's sees no rating impact from ban for China property developers Hong Kong, August ##, #### -- Moody's Investors Service says that its ratings...Hong Long Holdings Limited820358189150.00Newshtml820305936Neo-China Group (Holdings) Limited820169680China Properties Group Limited820110426Shanghai Zendai Property Limited820062474Lai Fung Holdings Limited809961365HKI Properties Limited809847800Greentown China Holdings Limited809824105Shimao Property Holdings Limited809582939Agile Property Holdings Limited808822087Hopson Development Holdings Limited807493857SRE Group Limited600012308China Overseas Land & Investment LimitedAgile Property Holdings Limited; China Overseas Land & Investment Limited; ...PR_139117_820358189Credit & Investment ResearchMoody's Global Credit Research