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Minmetals Land Secures RMB1 Billion Loan Facility

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Minmetals Land Secures RMB1 Billion Loan Facility

An announcement from Minmetals Land Limited ( (HK:0230) ) is now available.

Minmetals Land Limited announced the acquisition of a 3-year term loan facility amounting to RMB1,000,000,000 on February 17, 2025. The facility agreement requires China Minmetals Corporation to maintain at least a 51% ownership in Minmetals Land Limited to avoid default, which could lead to the cancellation of commitments or loans becoming payable on demand. This agreement underscores the importance of shareholder stability in the company’s financial operations.

More about Minmetals Land Limited

Minmetals Land Limited operates within the real estate industry and is known for its development and management of properties. The company is a subsidiary of China Minmetals Corporation, which is its ultimate controlling shareholder.

YTD Price Performance: -5.00%

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €145.4M

See more insights into 0230 stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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