China Fortune Land Development (600340) issued an announcement on the evening of December 1, saying that it meets the company's business development needs, optimizes the capital structure, stabilizes the financial situation, and further promotes the company's debt risk resolution

China Fortune Land Development (600340) issued an announcement on the evening of December 1, saying that it meets the company's business development needs, optimizes the capital structure, stabilizes the financial situation, and further promotes the company's debt risk resolution. The company plans to issue shares privately to no more than 35 specific investors. raises funds to be used for real estate projects related to "protecting the delivery of buildings and protecting people's livelihood", as well as supplementary working capital and repaying debts that meet the listed company's refinancing policy requirements.

In the end, China Fortune Land Development chose the third one from the three arrows of "credit financing", " bond financing ", and "equity financing". It seems that China Fortune Land Development finally chose the simplest, most convenient and fastest financing method - "equity financing", that is, private placement.

equity financing will have an impact on China Fortune Land Development's capital structure, financial status and control rights, which is currently unknown. At the beginning, I was optimistic about this stock . It opened a position at a price of 6.57 yuan in April 2021 and replenished its position in 2022. Now the share price of is 2.77 yuan, with a loss of 43%.

hopes that China Fortune Land Development can quickly get out of the quagmire with the support of this real estate policy, and give Xiaosan a little chance to get rid of losses.