Yuexiu Property Secures HK$600 Million Term Loan Facility

Reuters
Nov 06
<a href="https://laohu8.com/S/YUEXF">Yuexiu Property</a> Secures HK$600 Million Term Loan Facility

Yuexiu Property Co. Ltd. has entered into a new facility agreement with a bank, securing a HK$600 million term loan facility. The loan, available for a 12-month term from the first drawdown date, is subject to specific conditions, including an event of default clause tied to the shareholding of Yue Xiu Enterprises (Holdings) Limited, the controlling shareholder. If Yue Xiu's direct or indirect shareholding in Yuexiu Property falls below 30%, if it ceases to be the single largest beneficial shareholder, or if it loses effective management control, the lender may declare all outstanding indebtedness immediately due and payable. As of the agreement date, Yue Xiu holds approximately 44% of Yuexiu Property's issued shares.

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