China Fortune Land Development Co., Ltd.: New issuer
Our credit view of CFLD, reflecting its operating track record and diversified business, support from Ping An Life, offset by its geographic concentration and high leverage.China Fortune Land Development is engaged in the design, manufacture, installation and sale of thermostat and humidistat, cold storage and cold water units and other refrigeration equipments, fan coil pipes, air-conditioner and other air-conditioning terminal equipments, energy-conserved air purification systems, refrigerated containers and intelligent household central air-conditioning equipments; and provision of repair and maintenance and related information consultancy services. Through its subsidiaries, Co. is engaged in the provision of system integration services and sale of air-conditioning spare parts.
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