Yuexiu Property Co (DE:GUZA) has released an update.
Yuexiu Property Company Limited has secured a HK$600 million term loan facility with a one-year term from a lender, under the condition that its controlling shareholder, Yue Xiu Enterprises, maintains at least a 30% shareholding and management control of the company. As of the announcement, Yue Xiu holds about 44% of Yuexiu Property’s issued shares. This financial move could affect the company’s stability and investor decisions based on Yue Xiu’s continued influence.
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