Evergrande in talks to buy British Cala
CHINA DAILY USA
CANADApounds for the year ended June 30, 15 percent higher than a year earlier. Net bank debt stood at 123.9 million pounds at end-June.
In its results statement in October, Cala said that it had a contracted land bank with gross development value of 4.7 billion pounds as of end of June and that enquiry levels and reservation rates had risen in the 13 weeks after Britain voted to leave the European Union on June 23.
“From time to time we may find ourselves the subject of speculation but from our perspective it is very much business as usual,” a Cala spokesperson said.
The approach comes as recent mortgage data and statements from housebuilders have indicated that the UK housing market is recovering somewhat from a sharp downturn in activity that followed Britain’s vote to leave the EU.