On the evening of July 5th, China Fortune Land Development (600340) announced that its subsidiary Langfang Kongquecheng plans to sign the "Project Termination and Equity Transfer Agreement of Jingyang Kongquecheng Phase 1 Land" with Xi'an Zechuan Dinglong Commercial Operation Partnership Enterprise (Limited Partnership), Xi'an Tianheng Shangde Enterprise Management Consulting Co., Ltd., Langfang Jingyu Real Estate Development Co., Ltd. and Jingyang Yuding Real Estate Development Co., Ltd. (referred to as "Zechuan Dinglong" and "Tianheng Shangde" and "Langfang Jingyu" and "Jingyang Yuding" or the "target company"). Langfang Kongquecheng will acquire 49% of the equity held by Zechuan Dinglong and Tianheng Shangde of Jingyang Yuding, with a transaction price of RMB 55.86 million. After the completion of the transaction, Langfang Jingyu and Langfang Kongquecheng will collectively hold 100% equity of Jingyang Yuding.
华夏幸福：下属公司拟5586万元受让泾阳裕鼎49%股权
China Fortune Land Development: Subsidiaries plan to acquire 49% equity of Jingyang Yuding with RMB 55.86 million.
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