"CFLD (Cayman) Investment" Archives

CFLD Proposes Restructuring Plan

by Amruth Sundarkumar | Oct 1, 2021 | China, Distressed / Defaulted Bonds

China Fortune Land Development (CFLD) proposed a debt restructuring plan to deal with RMB 270bn ($41.7bn) of debt via asset sales, debt-to-equity swaps and business divestitures, as per Caixin Global. As per the plan, CFLD will repay RMB 219.2bn ($34bn) of debt...

CFLD’s Dollar Bonds Jump on News of It Working on a “Risk Mitigation Plan”

by Amruth Sundarkumar | Sep 27, 2021 | China, Distressed / Defaulted Bonds

Distressed Chinese real estate developer China Fortune Land Development (CFLD) saw its dollar bonds jump this morning following the company’s announcement that it is working on a risk mitigation plan. In an exchange filing, CFLD called for a 5 day trading halt...

CFLD’s Unit Acquired By Peer; Chengxin Credit Terminates Ratings; Bonds Continue To Fall

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....

CFLD Reveals Overdue Debt of $10bn, 3x of March Report

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...

CFLD Said to Push Debt Maturities by 6 Months; To Issue Proposal by Early May

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...

CFLD Proposes Restructuring Plan

CFLD’s Dollar Bonds Jump on News of It Working on a “Risk Mitigation Plan”

CFLD’s Unit Acquired By Peer; Chengxin Credit Terminates Ratings; Bonds Continue To Fall

CFLD Reveals Overdue Debt of $10bn, 3x of March Report

CFLD Said to Push Debt Maturities by 6 Months; To Issue Proposal by Early May

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Corporate Debt Restructuring Masterclass

CFLD Proposes Restructuring Plan

CFLD’s Dollar Bonds Jump on News of It Working on a “Risk Mitigation Plan”

CFLD’s Unit Acquired By Peer; Chengxin Credit Terminates Ratings; Bonds Continue To Fall

CFLD Reveals Overdue Debt of $10bn, 3x of March Report

CFLD Said to Push Debt Maturities by 6 Months; To Issue Proposal by Early May

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