FilingReader Intelligence
China Fortune Land Development restructures 192.67bn yuan debt
August 16, 2025 at 05:17 AM UTC•By FilingReader AI
China Fortune Land Development has restructured financial debt totaling 192.67 billion yuan, resulting in 20.20 billion yuan in waived interest and penalty fees.
The company used its "Happiness Select" and "Happiness Preferred" platforms to offset 23.63 billion yuan in financial and operational debts. Unpaid debts totaled 23.11 billion yuan, excluding interest.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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