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China Fortune Land Dev. to sign strategic agreement with China CITIC Bank

May 16, 2018


产业新城

BEIJING, May 16 (Xinhua) -- China Fortune Land Development Co. (600340.SH) announced on Wednesday that it plans to sign a strategic agreement with China CITIC Bank to form a long-term strategic partnership.

According to the potential agreement, China CITIC Bank would agree to provide no more than 31.5 billion yuan worth of credit line for China Fortune Land Development, including no more than 16.5 billion yuan of credit line for new industrial cities projects.

The two parties inked a strategic agreement in January 2016 with a validity period of two years. (Edited by Zhang Yuan, zhangyuan11@xinhua.org)

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