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Shareholders in China Fortune Land Development (SHSE:600340) Have Lost 86%, as Stock Drops 7.5% This Past Week
China Fortune Land Development (600340.SH): As of January 31, 2025, the total amount of debt that has not been repaid on time reaches 22.83 billion yuan.
On February 21, Gelonghui reported that China Fortune Land Development (600340.SH) announced that as of January 31, 2025, the cumulative amount of financial debts restructured through the "Debt Restructuring Plan" is approximately 192.273 billion yuan (including the domestic CSI Enterprise bonds issued by the company and its subsidiaries, as well as the overseas US dollar bonds issued by the indirectly wholly-owned overseas subsidiaries); as of January 31, 2025, the total amount of financial and operational debts compensated by the equity of the subsidiaries built on the "Happiness Selected Platform" and "Happiness Preferred Platform" is approximately 21.835 billion yuan.
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