Moody's: COLI and COGO's ratings unaffected by change of chairman
Hong Kong, November 16, 2016-- Moody's Investors Service says that China Overseas Land& Investment Limited and China Overseas Grand Oceans Group Ltd.' s changes of chairman have no immediate impact on their issuer ratings or stable outlook. On 15 November, COLI announced that Mr. Hao Jian Min, Executive Director, Chairman and CEO, had resigned from the company.China Overseas Grand Oceans, along with its subsidiaries are engaged in property investment and development, property leasing and investment holding. Co.'s business activities are carried out in certain regions in the People's Republic of China (PRC) such as Changzhou, Ganzhou, Hefei, Lanzhou, Nanning, Yancheng, Yangzhou and Yinchuan. Co. operates in three business segments: Property investment and development, which constructs commercial and residential properties in the PRC; Property leasing, which holds commercial units located in the PRC for leasing; and Other segment, which provides management services to certain housing estate in the PRC and generates management fee income.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.