On December 10, Gelonghui reported that China Fortune Land Development (600340.SH) announced that its controlling shareholder CATHAY GP HLDGS Co., Ltd. (referred to as "CATHAY GP HLDGS") intends to participate in the company's debt restructuring plan by using the debt rights it holds against the company amounting to approximately 0.288 billion yuan. This participation is expected to indirectly acquire approximately 0.72% equity in the 'Happiness Selected Platform'. This Trade will constitute a related transaction, and after implementing this debt restructuring arrangement through equity, CATHAY GP HLDGS will cumulatively hold approximately 4.90% equity in the 'Happiness Selected Platform'.
华夏幸福(600340.SH)：控股股东拟参与公司以下属公司股权实施债务重组
China Fortune Land Development (600340.SH): The controlling shareholder intends to participate in the debt restructuring of the company's subsidiaries' equity.
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