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Sino Land Co (Sino Land Co) Cash Receipts from Deposits by Banks and Customers


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What is Sino Land Co Cash Receipts from Deposits by Banks and Customers?

Cash Receipts from Deposits by Banks and Customers only applicable to companies reporting Cash Flow from Operations in direct method.


Sino Land Co (Sino Land Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sino Land Co Ltd (OTCPK:SNLAY) » Definitions » Cash Receipts from Deposits by Banks and Customers
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Address
Salisbury Road, 12th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Sino Land Co Ltd is a property developer mainly engaged in residential development in Hong Kong. It also holds a portfolio of investment properties in the city, mostly commercial properties adjoining the housing projects it built in the past. Many of its residential projects were developed in joint ventures with government-related entities such as MTR and Urban Renewal Authority. Rental income and property development account for the majority of the earnings, mainly derived from Hong Kong. Hotel and other segments account for the remaining of the earnings. The company is 55% owned by Tsim Sha Tsui Properties, an entity controlled by the estate of the late Mr. Ng Teng Fong, the company's founder.