Trending Industry Today: LONGFOR GROUP Leads Gains In China Mainland Real Estate Stocks

Moomoo News02:00 ET

Trending Industry Today: SUNAC Leads Gains In China Mainland Real Estate Stocks

Moomoo NewsFeb 24 02:10 ET

[Hong Kong Stock Connect] CHINA VANKE (02202) rises over 4% against the market and secures a loan of 4.2 billion.

Jingwu Finance | CHINA VANKE (02202) saw its stock price rise against the market trend in the early session, reaching 6.14 Hong Kong dollars, an increase of 4.24%, with a transaction volume of 65.4271 million Hong Kong dollars. In terms of news, the company's largest Shareholder, Shenzhen Metro Group, plans to provide a loan of up to 4.2 billion yuan to the company for repaying the principal and interest of the Bonds issued in the public market. The loan term is 36 months, with a pricing benchmark interest rate of 76 basis points less than the one-year Loan Prime Rate (LPR), currently at 2.34%.

Jinwu Financial NewsFeb 23 20:35 ET

Hong Kong stock early report | The humanoid robot sector welcomes another Bullish market. Sands China last year's net profit increased by over 50% year on year.

① State Council meeting: Research and introduce a series of new open measures in the Medical, financial and other fields. ② He Lifeng had a video call with US Treasury Secretary Yellen, exchanging in-depth opinions on important issues in the economic field between China and the US. ③ Shenzhen: A special policy for humanoid Robots will be announced soon, allocating special funds for AI and Robots in the city's major Technology projects. ④ DeepSeek is "low-key" participating in the 2025 Global Developer Pioneer Conference.

cls.cnFeb 23 18:07 ET

China Vanke Updates on Mangrove Bay Project Disposal

TipRanksFeb 21 06:08 ET

Expressing support through action, the Shareholder lent 4.2 billion to assist Vanke.

The major shareholder is taking action again to support Vanke. On February 21, Vanke announced the "Announcement on ShenzhenMetro Group Providing Shareholder Loans and Related Transactions to the Company". The largest shareholder, Shenzhen Metro Group, intends to provide shareholder loans to Vanke, with an amount of 4.2 billion yuan, to be used for Vanke's repayment of its due public debt. Since last year, the major shareholder has continuously expressed support for Vanke through various means such as block trades, REITs subscriptions, and shareholder loans. This renewed support demonstrates the major shareholder's determination to support Vanke's healthy development. The announcement indicates that the terms of this loan from Shenzhen Metro Group to Vanke remain consistent with previous agreements, with a duration of 3 years.

Gelonghui FinanceFeb 21 06:04 ET