China Fortune Land progresses with debt restructuring, asset sales

China Fortune Land Development (SSE:600340) is actively progressing with its debt restructuring plan, focusing on asset sales and related-party transactions. As of January 31, 2025, the company has achieved debt restructuring agreements for approximately RMB 192.273 billion through various means, including debt assignments. Key steps include entrusting assets and establishing trusts, with RMB 22.348 billion covered by trust debt swaps, and subsidiary equity transfers, for RMB 21.835 billion. As part of the restructuring efforts, related trust units are under change of registration. The company is also dealing with litigation and arbitration cases, and will continue to advance the next set of related transactions.