FilingReader Intelligence
Vanke secures 869m yuan loan from largest shareholder
July 30, 2025 at 02:00 PM UTC•By FilingReader AI
China Vanke secured a loan of up to 869 million yuan from largest shareholder Shenzhen Metro Group, backed by asset collateral valued at up to 1.3 billion yuan.
The floating interest rate is one-year LPR minus 66 basis points. Proceeds will repay existing bonds and debts, with 97% of principal due by July 2028.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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