Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CHINA VANKE Receives Max. RMB22B Loan Facility from Substantial Shareholder Shenzhen Metro Group
Recommend 1 Positive 3 Negative 3 |
||||
|
||||
|
Yesterday (2 November), CHINA VANKE (02202.HK) entered into a framework agreement with its largest shareholder, Shenzhen Metro Group (SZMC), according to an announcement made by CHINA VANKE. During the period from 2025 until the date of the Company's AGM this year, SZMC will provide the Company with a loan facility of up to RMB22 billion, including credit loans that occurred before the framework agreement took effect, for which the Company did not provide mortgage or pledge guarantees, as well as loans for which guarantees were provided but subsequently confirmed to be unenforceable or partially unenforceable, and loans that occur after the framework agreement takes effect. CHINA VANKE will provide mortgage or pledge guarantees for loans that actually occur under the framework agreement. Up to now, SZMC holds a 27.18% equity stake in CHINA VANKE. Today (3 November), CHINA VANKE opened 0.91% higher before peaking at $4.46, and last printed at $4.4, with no changes and a turnover of approx. $81.2 million. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
