FilingReader Intelligence

Gemdale provides 28.75bn yuan guarantee for Shanghai project

July 16, 2025 at 09:49 AM UTCBy FilingReader AI

Gemdale Corporation announced a 28.75 billion yuan guarantee for Link JV Holdings Limited, a joint venture developing a Shanghai project. The guarantee supports a loan of up to 57.5 billion yuan from Standard Chartered Bank Hong Kong, with a maximum 12-month term.

Gemdale's subsidiary Vision Century Investments China is providing a 50% joint and several liability guarantee. The company's total external guarantees now stand at 17.991 billion yuan, representing 30.47% of its net assets.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600383Shanghai Stock Exchange

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