Shenzhen Investment (HK:0604) has released an update.
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Shenzhen Investment Limited has secured a significant revolving loan facility of HKD 1 billion, with a term of 3 years, from an unnamed bank. The agreement includes a default clause that could be triggered if Shum Yip Holdings Company Limited’s ownership in the firm falls below 35% or if it loses control of the company. Currently, Shum Yip holds a majority stake, and the Shenzhen Municipal People’s Government fully owns Shum Yip, ensuring stability for now.
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