China Fortune Land changes financial advisor lead on asset sale

China Fortune Land Development (SSE:600340) announced that Zhang Huifang will no longer serve as the lead independent financial advisor for its major asset sale project, according to a notice from Daiwa Securities (China). The change is due to Ms. Zhang's job change. Zhu Jinglin and Shen Renyang will continue as the independent financial advisors for the project. The announcement, dated July 1, 2025, confirms that the company's board ensures the announcement contains no misrepresentation or omissions and assumes legal responsibility for its accuracy and completeness.