Shenzhen Investment Holdings Bay Area Development Company (HK:0737) has released an update.
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Shenzhen Investment Holdings Bay Area Development Company Limited has provided a guarantee for a HKD1.2 billion revolving loan facility granted by Ping An Bank to its wholly owned subsidiary, Bay Area Finance. The loan, intended for debt repayment and working capital, is backed by the company to ensure Bay Area Finance meets its payment obligations. This strategic financial move underlines the company’s commitment to maintaining liquidity and supporting its subsidiary’s financial stability.
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