China Fortune Land Development: Controlling shareholder releases 9.516 million pledged shares

NBD AI Bulletin - China Fortune Land Development Co Ltd ("the Company", SH 600340, close price: 14.85 yuan) announced on November 30 that the Company has received a notice concerning partial release of pledged shares from controlling shareholder Huaxia Happiness Foundation Holdings Co., Ltd. According to the notice, the controlling shareholder on November 30 released 9.516 million pledged shares, accounting for 0.68% of its holdings or 0.24% of the Company's total equity.  

Huaxia Happiness Foundation Holdings Co., Ltd. and parties acting in concert hold a total of 1.456 billion shares in the Company, accounting for 37.2% of the Company's total equity. They had accumulatively pledged 480 million shares, accounting for 33.48% of their holdings or 12.46% of the Company's total equity.

The semi-annual report shows that China Fortune Land Development Co Ltd mainly engages in real estate development, industrial development services, land consolidation, infrastructure construction, other, accounting for 42.7%, 35.34%, 9.17%, 7.63%, 2.26% of its revenue, respectively.

China Fortune Land Development Co Ltd's chairman is Wang Xuexue, male, 53 years old. The Company's president is Wu Xiangdong, male, 53, with bachelor's degrees in architecture management, engineering mechanics and traffic engineering as well as EMBA at University of San Francisco.

Tips on "Stock Trends":

1. The number of shares held by northbound investors in the Company decreased by 1.5617 million in the past 30 days.

2. There was no institutional research on the Company in the past 30 days.

(By Lan Suying)

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