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Yuexiu Property Secures HK$700 Million Loan
Yuexiu Property: To Act as Guarantor for Loan Facility
Yuexiu Property: To Act as Guarantor for Loan
Yuexiu Property's subsidiary has obtained HKD 0.7 billion in loan financing provided by banks.
On 18th July, Guangzhou Yuexiu Property Co., Ltd. (00123.HK) announced that on July 18, 2024, Hong Jing Limited (as the borrower) and a bank entered into a financing agreement, under which the lender provided a HKD 700 million (or equivalent in RMB) term loan financing under the terms and conditions of the financing agreement, with a loan term of 364 days from the date of the financing agreement. Hong Jing is a wholly-owned subsidiary of the company and its obligations under the financing agreement are guaranteed by the company.
Express News | Yuexiu Property - Loan Facility of HK$700 Mln
Express News | Yuexiu Property - Leading Affluence Entered Into Facility Agreement With a Bank
Yuexiu Property (00123.HK) has received an increase in shareholding of 4.871 million shares from Guangzhou Yuexiu Group.
According to the latest equity disclosure information from the Hong Kong Stock Exchange, on July 11, 2024, Yuexiu Property (00123.HK) received Guangzhou Yue Xiu Holdings Limited's average shareholding of HKD 5.2532 per share and increased its holdings by 4.871 million shares, involving approximately HKD 25.5883 million. After the shareholding, Guangzhou Yue Xiu Holdings Limited holds a total of 1 share.
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