China Fortune Land Development Co., Ltd. announced that the company established a property rights real estate investment trust plan through its wholly-owned subsidiary to offset financial debts of up to 24.001 billion yuan with trust beneficial rights. The asset collection and trust creation have been completed, and the debt-for-equity transactions of some financial creditors have been completed, while the remaining creditors are in communication.
华夏幸福：关于重大资产出售暨关联交易实施进展
Huaxia Happiness: Progress in the implementation of major asset sales and related transactions
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