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Chinanewtown (01278): Xincheng Kaiyuan and Jiangsu Province Construction have agreed to jointly provide guarantees for bank loans and interest payments to joint ventures in proportion to their equity.
Chinanewtown (01278) announced that the company has recently received two letters, both from Agricultural Bank of China ...
Express News | China New Town Development - Bank Informed Unit to Make Full Repayment of Guaranteed Sum of Overdue Principal of RMB232.61 Mln
Express News | China New Town Development - Letters Were Issued in Relation to Guarantee Dated 21 Jan 2021 for Loan Facility up to RMB500 Mln
Express News | China New Town Development - Recently Received 2 Letters Both Issued by Agricultural Bank of China Addressed to Unit
China New Town Development's Portfolio Reaches Nearly 3 Billion Yuan as of June 30
China New Town Development's (HKG:1278) portfolio excluding risky investments, as of June 30 came in at 2.74 billion yuan which will yield a total contractually guaranteed annual return before tax of
Chinanewtown (01278.HK): As of June 30, the total amount of fixed income project investment portfolio was 2.744 billion yuan.
On July 8th, GeLongHui announced that as of June 30th, 2024, the total amount of the company's fixed income portfolio is approximately RMB 2.744 billion after deducting impairment reserves for risk projects. Excluding risk-outstanding projects, other projects have a guaranteed annualized pre-tax investment income of approximately RMB 0.18 billion according to contracts, corresponding to an average annual pre-tax return on investment of about 6.5%. Compared with the company's investment portfolio as of March 31, 2024, the group added Wuxi Guojin Commercial Factoring fixed income project in the second quarter and Zhujiaxiang landscape eco-cemetery project.
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