Yuexiu Property Renews FX Transactions Agreement with CHB

Yuexiu Property Co (HK:0123) has released an update.

Yuexiu Property Co has renewed its Foreign Exchange Framework Agreement with CHB, allowing for continued FX transactions including spot and forward contracts from 2025 to 2027. The proposed annual caps for these transactions are set at HK$5.0 to HK$5.7 million for spot contracts and HK$57.5 to HK$172.5 million for forward contracts over the three-year period. This renewal ensures Yuexiu Property can effectively manage its foreign exchange exposure amidst its operations both within and outside the PRC.

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