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China Resources Land ( (HK:1109) ) has issued an update.
China Resources Land Limited, a company listed on the Hong Kong Stock Exchange, has entered into a significant CNY2 billion term loan facility agreement with a bank. This agreement includes specific obligations that China Resources Holdings must maintain a minimum shareholding percentage to avoid default. The agreement underscores the financial strategies of China Resources Land and highlights the significant influence China Resources Holdings has over the company. The requirement for maintaining a certain ownership level also reflects the strategic importance of the relationship between the company and its major shareholders.
More about China Resources Land
YTD Price Performance: 10.14%
Average Trading Volume: 11,172
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.75B
For an in-depth examination of 1109 stock, go to TipRanks’ Stock Analysis page.
