China Fortune Land Development Co.Ltd(600340) (600340) announced on February 10 that Huaxia holdings, the controlling shareholder of the company, carried out compulsory disposal procedures for the company’s shares held by Huaxia holdings due to its stock pledge repurchase transaction and financing and securities lending business, As a result, the shareholding ratio of Huaxia Holdings has decreased passively from November 30, 2021 to February 10, 2022, reaching 1.11% of the current total share capital of the company. After this equity change, the total shareholding ratio of Huaxia holdings and its concerted actors will be reduced from 23.56% to 22.45%.
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