China Fortune Land Development Co.Ltd(600340) today announced the progress of two asset sales transactions. First, the subordinate holding subsidiary Jiutong Jiye Investment Co., Ltd. transferred 100% equity of Yongqing Dingtai park construction and Development Co., Ltd. to Yongqing Linkong science and Technology Innovation Co., Ltd., with a total transfer amount of 700 million yuan; Second, the holding subsidiary Langfang Jingyu Real Estate Development Co., Ltd. transferred its 100% equity of Langfang ronghua Construction Investment Development Co., Ltd. to Langfang Guangyang Economic Development Zone Construction Development Co., Ltd., with a total transfer amount of nearly 218 million yuan. The total transfer amount of the two transactions was 918 million yuan.
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