Yuexiu Property Secures HK$500 Million Loan Facility

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

Yuexiu Property Co has secured a HK$500 million loan facility from a bank, divided into two tranches, with differing maturity terms. The company must maintain its controlling shareholder’s stake above 30% to avoid default. Yue Xiu Enterprises currently holds approximately 44% of the company’s shares, ensuring a stable financial outlook for now.

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