On April 5, China Fortune Land Development Co.Ltd(600340) ( China Fortune Land Development Co.Ltd(600340) , China Fortune Land Development Co.Ltd(600340) . SH), which is undergoing debt restructuring, announced that the company recently received resignation reports submitted by Wu Xiangdong and Yu Jian respectively. Wu Xiangdong resigned as co chairman, director, member of the strategy committee, CEO and President of the seventh board of directors of the company for personal reasons; Yu Jian resigned as co president of the company for personal reasons. After Wu Xiangdong and Yu Jian resigned from the above positions, they will continue to work in the company and continue to assist the company in undertaking necessary debt restructuring.
As early as March 2019, Wu Xiangdong, the former director of China Resources Land Co., Ltd. (01109. HK), officially took office as China Fortune Land Development Co.Ltd(600340) co chairman and established the South headquarters. Before and after that, Wu Xiangdong followed him to take office in China Fortune Land Development Co.Ltd(600340) South headquarters. In October 2018, Yu Jian, the former chief financial officer and executive director of China Resources Land, went to China Fortune Land Development Co.Ltd(600340) , and served as the co president in charge of Finance and financing. On June 12, 2021, surging news found in Tianyan that China Fortune Land Development Co.Ltd(600340) (Shenzhen) urban renewal management Co., Ltd., a subsidiary of China Fortune Land Development Co.Ltd(600340) (Shenzhen) which is facing tight liquidity, has been renamed pengrui (Shenzhen) Urban Development Co., Ltd. under the name of Shenzhen pengrui real estate Development Co., Ltd., and the legal representative has also been changed from Zhao Rong, the former vice president of China Fortune Land Development Co.Ltd(600340) to Lin Qi, the representative of pengrui group.
After the announcement of the company’s debt restructuring plan on September 30 last year, the company continued to undertake the necessary debt restructuring. According to the arrangement of the debt restructuring plan, the company will actively promote the negotiation and signing of the debt restructuring agreement with creditors under the guidance of the government and the special working class, and speed up the collection of assets disposal at the same time.
On October 28, 2021, China Fortune Land Development Co.Ltd(600340) announced that Lin Chenghong, Secretary of the board of directors of the company, resigned as secretary of the board of directors of the company due to job transfer, and will continue to work in China Fortune Land Development Co.Ltd(600340) and continue to promote the company’s debt restructuring plan with relevant departments.
China Fortune Land Development Co.Ltd(600340) announced on December 31, 2021 that Yuan Gang, the company’s vice president in charge of human resources, submitted a resignation report. After Yuan Gang resigned as China Fortune Land Development Co.Ltd(600340) vice president for personal reasons, he will continue to work in the company and continue to assist relevant departments in the work related to the company’s debt restructuring.
China Fortune Land Development Co.Ltd(600340) once announced in the debt restructuring plan that the remaining financial debt totaled 219.2 billion yuan. As of April 1 this year, China Fortune Land Development Co.Ltd(600340) in the debt restructuring plan, the accumulated amount of financial debt restructuring amounted to 104812 billion yuan, and the corresponding amount of debt interest reduction and penalty interest exemption amounted to 8.718 billion yuan.
China Fortune Land Development Co.Ltd(600340) expects its net profit attributable to shareholders of the listed company to be – 33.1 billion yuan to – 39.1 billion yuan in 2021, and the net profit attributable to shareholders of the listed company after deducting non recurring profits and losses to be – 31.8 billion yuan to – 32.8 billion yuan in 2021. In 2020, China Fortune Land Development Co.Ltd(600340) the net profit attributable to shareholders of listed companies was 3.665 billion yuan; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 3.277 billion yuan.
As of the closing on April 1, China Fortune Land Development Co.Ltd(600340) word limit rose to 4.21 yuan, up 60.69% from the closing price of 2.62 yuan, the lowest price in history on March 15.
