FilingReader Intelligence

China Fortune Land completes 22.3bn yuan asset sale

August 9, 2025 at 05:14 AM UTC•By FilingReader AI

China Fortune Land Development has completed 22.3 billion yuan of debt offsetting transactions from its 24 billion yuan asset sale, with 1.7 billion yuan remaining.

Major shareholder Ping An Life plans to reduce its stake by up to 3% through share sales by November 2025.

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

Announcement by China Fortune Land Development regarding the progress of the implementation of the significant asset sale and connected transaction.August 8, 2025 at 08:00 AM UTC

Supplementary Source Documents

Announcement regarding the share reduction plan by shareholders holding over 5% of China Fortune Land DevelopmentAugust 8, 2025 at 08:00 AM UTC

China Fortune Land Development

SSE:600340•Shanghai Stock Exchange

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