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China Fortune Land Development Co Ltd (600340.SS)

600340.SS on Shanghai Stock Exchange

22 Oct 2018
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¥0.59 (+2.75%)
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Tue, Jul 10 2018

Ping An unit buying $2.1 billion stake in China Fortune Land

HONG KONG Ping An Insurance Group's unit is buying nearly a fifth of China Fortune Land Development for 13.8 billion yuan ($2.09 billion), in a vote of confidence in China's property sector amid a slowdown in the broader economy.

Ping An Asset Management buys $2.1 bln stake in China Fortune Land

HONG KONG, July 10 China Fortune Land Development Co Ltd said on Tuesday Ping An Asset Management would buy a 19.7 percent stake in the company from its controlling shareholder for 13.8 billion yuan ($2.09 billion).

BRIEF-China Fortune Land Says Q1 Net Profit Up 30.3 Percent Y/Y

* SAYS Q1 NET PROFIT UP 30.3 PERCENT Y/Y Source text in Chinese: https://bit.ly/2JvR3JU Further company coverage: (Reporting by Hong Kong newsroom)

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