How much money did China Fortune Land invest with China Create Capital?

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China Fortune Land Development Transferred Over US$300 Million to China Create Capital

China Fortune Land Development invested over US$300 million, equivalent to RM1.2 billion, with China Create Capital. This significant sum was transferred in 2018 for the purpose of purchasing fixed-income products. The company has recently reported losing contact with China Create Capital, raising concerns about the investment.
Transfer Amount and Purpose

In 2018, an offshore unit of China Fortune Land Development entered into a wealth management services agreement with a firm named Wingskengo. Following instructions from Wingskengo, China Fortune Land Development facilitated a transfer of US$313 million to China Create Capital. The stated purpose of this transfer was for China Create Capital to acquire fixed-income products on behalf of China Fortune Land Development.
Circumstances of the Investment

The investment was made through a deal signed in 2018. At that time, China Fortune Land Development engaged Wingskengo for wealth management services. Subsequently, on Wingskengo's directives, the funds were channelled to China Create Capital for investment in fixed-income instruments.
Current Status and Reporting

China Fortune Land Development has recently indicated that it has "lost contact" with China Create Capital. The company has officially reported this matter to the Chinese police. The filing to the Shanghai Stock Exchange also stated that there is "no way to judge" how this situation might impact Fortune Land's current and future earnings.

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How much money did China Fortune Land invest with China Create Capital?

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