China Resources Land Limited (stock code: 01109) has entered into a HK$1.00 billion term loan facility with an unnamed bank lender, according to a Rule 13.18 announcement dated 11 March 2026.
The facility agreement, signed on 10 March 2026, provides for a term loan whose final maturity falls on the earlier of (i) five years after the first drawdown date or (ii) 10 June 2032.
Key covenants focus on the ongoing control of China Resources (Holdings) Company Limited (CRH): • CRH must remain the single largest shareholder of China Resources Land with a minimum 35% beneficial ownership and practical control over board appointments. • The Central Government of the People’s Republic of China must maintain beneficial ownership of more than 50% of CRH.
Any breach of these conditions constitutes an event of default, empowering the lender to cancel the facility and demand immediate repayment of all outstanding amounts and accrued interest.
As of the announcement date, CRH holds approximately 59.55% of China Resources Land’s issued share capital, satisfying the required threshold.
The company will provide ongoing disclosure in its interim and annual reports as long as the Rule 13.18 obligations remain in force.