Guangdong Investment (HK:0270) has released an update.
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Guangdong Investment Limited has secured a HK$2,000,000,000 term loan for refinancing existing debts and funding short-term working capital, with strict ownership conditions tied to its controlling shareholder, GDH Limited. The loan, set at a 364-day term from the initial drawdown, requires GDH to remain majority-owned by the Guangdong Provincial Government and maintain at least a 51% stake in the company. Failure to meet these conditions will result in the immediate repayment of the loan.
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