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BRIEF-China Fortune Land's units to acquire stake in real estate firm, plans asset-backed securitisation
September 27, 2017 / 11:29 AM / 3 months ago

BRIEF-China Fortune Land's units to acquire stake in real estate firm, plans asset-backed securitisation

Sept 27 (Reuters) - China Fortune Land Development Co Ltd

* Says units sign agreement to acquire 45 percent stake in real estate firm for 2.1 billion yuan ($316.42 million)

* Says unit plans to issue asset-backed securities worth up to 4.0 billion yuan

Source text in Chinese: bit.ly/2fq71rV; bit.ly/2fQFvVc

Further company coverage: ($1 = 6.6367 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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