China Fortune Land Development Co.Ltd(600340) on January 19, it was announced that as of January 19, 2022, the debt restructuring agreement signed by the company and its subsidiaries with relevant creditors involved the accumulated debt amount of the company and its subsidiaries of RMB 8.857 billion, debt interest reduction and penalty interest exemption of RMB 547 million, accounting for 14.91% of the company’s latest audited net profit attributable to the company’s shareholders of RMB 3.665 billion. Among the above debts that have signed the debt restructuring agreement, the amount of bonds and debt financing instruments is RMB 8.407 billion, and the amount of other financial debts is RMB 450 million. The repayment methods of “exchange”, “offset” and “connection” are applicable.
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