by Amruth Sundarkumar | Jun 17, 2021 | China, Distressed / Defaulted Bonds
Bloomberg reported that developer Shenzhen Parkland acquired 100% of China Fortune Land’s (CFLD) Shenzhen unit, which had a registered capital of CNY 100mn ($16mn). CFLD recently revealed overdue debt of $10bn, 3x that of their reported March numbers....
by Amruth Sundarkumar | Jun 14, 2021 | China, Distressed / Defaulted Bonds
Distressed Chinese property developer China Fortune Land Development (CFLD) reported that its overdue debt has increased by CNY 6.8bn ($1bn), citing adverse macroeconomic, industry and credit conditions, according to a notice on the Shanghai Clearing House. This...
by bondevalue | Mar 23, 2021 | China, Distressed / Defaulted Bonds
Distressed Chinese real estate developer China Fortune Land Development (CFLD) is said to be seeking a debt maturity extension of at least six months from creditors, as per Bloomberg. The company is expected to come up with a proposal on how it plans to repay its...
