CFDL accepts funding from Ping An Asset
China Fortune Land Development (CFLD) has announced to the Shanghai Stock Exchange that it will accept debt financing of up to RMB 6 billion ($870 million) from Ping An Asset Management, the second-largest shareholder in the developer and a unit of financial giant Ping An Insurance.
The capital will be invested in two industrial parks, located in Nanjing, the Jiangsu province, and a second in Langfang, in Hebei Province.
