FilingReader Intelligence
China Fortune Land nears completion of debt restructuring
May 17, 2025 at 05:09 AM UTC•By FilingReader AI
China Fortune Land Development (SSE:600340) announced significant progress in its debt restructuring efforts. As of April 30, 2025, approximately CNY 192.273 billion of financial debt has been restructured through signing agreements. The company is also using equity in subsidiaries to offset debts, with about CNY 23.174 billion in financial and operational debts addressed via transfers to "Happiness Selection Platform" and "Happiness Preferred Platform".
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
News Alerts
Get instant email alerts when China Fortune Land Development publishes news
Free account required • Unsubscribe anytime