Clarification on land sales

False information has been circulating recently about the amount of land sales Solidere concluded since the beginning of 2019. (Official PDF)

 

In this regard, Solidere negates the rumors and announces the exact value of the land sales that were signed and that will be fully or partially recognized on its books in 2019 and 2020:

  • In 2019, land sales contracts totaled $250,122,600 (to be fully or partially recognized in 2019)
  • In 2020, land sales contracts totaled $112,789,400 (until the date of this announcement)

Reaching a total of $362,912,000 for both 2019 and 2020 (till the date of this announcement).

Solidere assures that it will publish periodically the value of the sales contracts signed in order to ensure the information circulated is accurate.

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Investor Relations