An announcement from Yuexiu Property Co ( (HK:0123) ) is now available.
Yuexiu Property Company Limited announced two new term loan facilities totaling HK$650 million, secured by its wholly-owned subsidiary, Leading Affluence Limited. These loans are contingent upon Yue Xiu maintaining at least a 30% shareholding and effective management control over the company, with any breach potentially triggering immediate repayment demands.
More about Yuexiu Property Co
Yuexiu Property Company Limited is a real estate company incorporated in Hong Kong, primarily engaged in property development and management. The company is controlled by Yue Xiu Enterprises (Holdings) Limited, which holds a significant shareholding in the company.
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