Fully raising funds to ensure the delivery of buildings, CFLD: CNY 74.55 million to transfer part of the assets of Huailai Artificial Intelligence Industry Park

Zhitong
2025.10.03 03:56

On September 30th, China Fortune Land Development Co., Ltd. announced the sale of assets by its subsidiary. The announcement indicated that to effectively promote the progress of "ensuring delivery of buildings" and to ensure project construction progress, the company continues to revitalize resources to recover funds. According to the company's operational development needs, China Fortune's wholly-owned subsidiary Huailai Jingyu Real Estate Development Co., Ltd. plans to sign the "Asset Transfer Agreement between Huailai Jingyu Real Estate Development Co., Ltd. and Huailai County Data Bureau" with the Data Bureau of Huailai County, Hebei Province. The agreement stipulates that Huailai Jingyu intends to transfer part of the state-owned land use rights and ongoing projects of the Huailai Artificial Intelligence Industrial Park it holds to the Huailai County Data Bureau for a transaction price of 74.5594 million yuan. The funds from this transaction will mainly be used for construction expenditures related to the "ensuring delivery of buildings" by China Fortune's subsidiary

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