---
title: "Understanding the Market | CHINA CINDA fell nearly 9% to transfer 5.3 billion debt rights of two companies, involving multiple project sites or assets in Fuzhou"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/216804810.md"
description: "CHINA CINDA's stock price fell by nearly 9%, dropping by 8.78% as of the time of publication to HKD 1.35, with a turnover of HKD 5.48 billion. The company issued a investment promotion announcement through the Alibaba Asset Trading Network, transferring debt assets packages related to two projects including Sufar Global (Fujian) Import and Export Trade, totaling 530 million yuan. The main collateral methods include land use rights and real estate mortgages"
datetime: "2024-10-15T02:25:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/216804810.md)
  - [en](https://longbridge.com/en/news/216804810.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216804810.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/216804810.md) | [繁體中文](https://longbridge.com/zh-HK/news/216804810.md)


# Understanding the Market | CHINA CINDA fell nearly 9% to transfer 5.3 billion debt rights of two companies, involving multiple project sites or assets in Fuzhou

According to the information from Zhitong Finance and Economics APP, China Cinda (01359) fell nearly 9%, as of the time of publication, it dropped by 8.78% to HKD 1.35, with a turnover of HKD 548 million.

On the news front, the Fujian branch of China Cinda issued an investment promotion announcement through the Alibaba Asset Trading Network, targeting the transfer and investment promotion of the debt assets of two projects, including Fangyuan Jiuzhou (Fujian) Import and Export Trade. As of July 31, 2022, the principal of this debt asset package is RMB 401 million, with interest of RMB 129 million, totaling RMB 530 million. The debtors include Fangyuan Jiuzhou (Fujian) Import and Export Trade and Lijia (Fujian) International Trade, with Lijia Industrial (Fujian) Group, Chen Longji, and Wang Huayu acting as guarantors. The debtors in the asset package are mainly located in Sanming City and Fuzhou City, Fujian Province, with collateral including land use rights, real estate mortgages, and joint liability guarantees provided by enterprises and individuals.

Specific collateral includes residential land use rights in Kuiling Village, Yangxia Town, Fuqing City, provided by Fuqing Gaohao Real Estate Development, with an area of 33,829 square meters, as well as 548 commercial real estates in Lijia Commercial City, Tian Shui Road, Gaishan Town, Cangshan District, Fuzhou City, provided by Lijia (Fujian) International Trade, with a total construction area of 39,667.45 square meters. In addition, Lijia Industrial (Fujian) Group, Chen Longji, and Wang Huayu also provide joint liability guarantees

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