China Fortune Land Development names Hangzhou Chengfeng Erilai-led group as restructuring investor, taking 2bn shares for ~1.2bn yuan

China Fortune Land Development has confirmed Hangzhou Chengfeng Erilai and others as the industrial investors in its restructuring, agreeing to take 2 billion shares for about 1.2 billion yuan, with a five-year lock-up. The developer remains in a multi-year debt restructuring process.

Detected & updated continuously · Source: Nebula