Minmetals Land Limited (HK:0230) has released an update.
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Minmetals Land Limited has announced the acceptance of a HK$1,800,000,000 revolving loan facility from a bank, with no fixed term and subject to the lender’s periodic review. The loan requires the company’s controlling shareholder, China Minmetals Corporation, to maintain at least a 51% interest in the company, with the current shareholding at approximately 61.88%. The company promises ongoing disclosure in compliance with the Listing Rules.
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