Yuexiu Property Secures Loan with Shareholding Conditions

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

Yuexiu Property Co has secured a HK$1,200 million loan facility for 18 months, with critical conditions tied to its shareholding structure. The loan terms stipulate that Yue Xiu Enterprises, the controlling shareholder, must maintain at least a 30% stake in Yuexiu Property to avoid triggering a default that could demand immediate repayment. As of now, Yue Xiu holds a 44% stake, well above the threshold, ensuring stability for the time being.

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