Yuexiu Property Wins Bid for Land Parcel in Guangzhou for 2.02 Billion Yuan

MT Newswires07:46 ET

YUEXIU PROPERTY (00123.HK) subsidiary successfully acquired the land parcel at Daguanwei, South Industrial Avenue, Haizhu District, Guangzhou for 2.023 billion yuan.

On December 23, Gelonghui announced that YUEXIU PROPERTY (00123.HK) successfully acquired the land parcel AH101533 located in South Daganwei, Industrial Avenue South, Haizhu District, Guangzhou, through its subsidiary Guangzhou Xinxiu Real Estate Development Co., Ltd. (which holds a 95.475% ownership interest), via public bidding for 2.023 billion yuan on December 23, 2024.

Gelonghui Finance05:54 ET

Express News | Yuexiu Property - Unit Won Bid for Land Parcel at Daganwei for RMB2.02 Bln

Reuters05:51 ET

Yuexiu Property to Obtain HK$500 Million Term Loan Facility

MT Newswires05:11 ET

YUEXIU PROPERTY (00123.HK) was granted a HKD 0.5 billion term loan financing.

Gelonghui reported on December 23 that YUEXIU PROPERTY (00123.HK) announced that on December 23, 2024, the company (as the borrower) entered into a financing agreement with a bank, whereby the lender will provide a term loan financing of 0.5 billion Hong Kong dollars under the terms and conditions of the financing agreement, disbursed in two tranches: the first tranche amounting to 0.15 billion Hong Kong dollars and the second tranche amounting to 0.35 billion Hong Kong dollars. The loan period for the first tranche will be 18 months from the date of the first drawdown, while the loan period for the second tranche will be 12 months from the date of the first drawdown. Subject to the compliance with the relevant terms stipulated in the financing agreement, the second tranche.

Gelonghui Finance03:41 ET

Express News | Yuexiu Property - Bank to Provide Term Loan Facility of up to Aggregate Principal Amount of HK$500 Mln

Reuters03:39 ET