2024年7月19日，公司、RPEL及万科订立弥偿契据，据此，公司已同意根据其中所载条款及条件，(其中包括)向万科提供弥偿。CNQC Int'l (01240) issued an announcement regarding the financing agreement entered into by the borrower, Cairong Limited (Jubilant Castle Limited's direct wholly-owned subsidiary, and the joint venture company is owned 95% by Wkinv (an independent third party) which is a wholly-owned subsidiary of Vanke, and 5% by RPEL, the company's indirect wholly-owned subsidiary) and the lender. Vanke and the company agree to provide and sign relevant guarantees to the lender respectively, according to their respective actual shareholding ratios in the borrower of 95% and 5%. To guarantee the mortgage loan, the borrower, Vanke, Qingjian Real Estate and joint venture companies and other related parties have entered into existing post-default agreements (with the mortgage agent as the beneficiary), so that the borrower's debt owed to Vanke, Qingjian Real Estate and joint venture companies can be paid after the mortgage loan.
According to the financing agreement and related financing documents entered into by the borrower and the lender, CNQC Int'l (01240) has announced that it agrees to provide compensation to Vanke in order to continue to provide periodic loan financing to the borrower. Vanke agrees to revise the guarantee (including itself) to expand the guarantee debt to cover 100% of the borrower's obligations under the financing agreement and related financing documents. On July 19, 2024, the company, RPEL and Vanke entered into a compensation agreement, under which the company agreed to provide compensation to Vanke according to the terms and conditions set forth therein. The company must, at Vanke's request, (a) pay 5% of the amount already paid or payable by Vanke for its obligations under or amended documents; and (b) provide compensation to Vanke, which is 5% of the total debt and any cost, loss, damage, claim, legal proceeding, litigation, expenses or liabilities incurred or caused by Vanke entering into, signing or performing any amended documents or performing its obligations under the amended documents, which do not exceed 5% of the equivalent amount of Vanke's obligations under the amended documents in each case.
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On July 19, 2024, the company, RPEL and Vanke entered into a compensation agreement, under which the company agreed to provide compensation to Vanke according to the terms and conditions set forth therein (including).
At Vanke's request, the company must immediately (a) pay 5% of the amount already paid or payable by Vanke for its obligations under or amended documents; and (b) provide compensation to Vanke, which is 5% of the total debt and any cost, loss, damage, claim, legal proceeding, litigation, expenses or liabilities incurred or caused by Vanke entering into, signing or performing any amended documents or performing its obligations under the amended documents, which do not exceed 5% of the equivalent amount of Vanke's obligations under the amended documents in each case.
