Gemdale provides 28.75bn yuan guarantee for Shanghai project
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
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