China Fortune Land Development: As of May 31, the total amount of financial debt that has been contracted to achieve debt restructuring is 108.863 billion yuan_ Securities Times Network

Securities Times e Company News, China Fortune Land Development (600340) announced on the evening of June 2 that since the company previously disclosed (May 11) that its debts could not be repaid on time, the company and its subsidiaries have not been able to repay as scheduled. The amount of debts in the form of bank loans and trust loans was 5.634 billion yuan (excluding interest), and the company failed to repay the debts on time totaling 53.651 billion yuan (excluding interest). As of May 31, the total amount of financial debts that have been contracted to realize debt restructuring in the “Debt Restructuring Plan” was 108.863 billion yuan, and the corresponding amount of debt interest reduction and penalty interest waiver amounted to 9.641 billion yuan. In addition, according to the progress of debt restructuring related work, the company has initiated two batches of cash redemption arrangements for the relevant creditors who have signed the “Debt Restructuring Agreement” and are eligible for the “Cash, Settlement and Receipt” payment method, with a total payment amount of 1.916 billion yuan. .