Yuexiu Property Co (HK:0123) has released an update.
Yuexiu Property Co., through its subsidiary Leading Affluence Limited, has secured two significant loan agreements totaling HK$3,500 million with a bank, enhancing its financial flexibility. The agreements include a short-term revolving loan and a longer-term facility, both guaranteed by the company. Crucially, the loans could be called in if the controlling shareholder’s stake in the company drops below 30%, ensuring Yue Xiu Enterprises’ continued influence.
For further insights into HK:0123 stock, check out TipRanks’ Stock Analysis page.
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