Vanke to provide guarantees for new bank loans

China Vanke (SZSE:000002) announced it will provide guarantees for new bank loans for its subsidiaries, Shanghai In-Power Enterprise Management Co. and In-Power Commercial Real Estate Co. Shanghai In-Power will receive CNY 0.1 billion in bank loans from Nanjing Bank. In-Power Commercial Real Estate Co. will receive CNY 1 billion in bank loans from Shanghai Bank. Additionally, the company provided an update on guarantees for a previous CNY 2.1 billion financing arrangement for its subsidiary, Foshan Vanke Enterprise Co. As of March 31, 2025, Vanke's total guarantee balance stands at approximately CNY 781.16 billion, representing 38.54% of the company's net assets attributable to shareholders of the listed company at the end of 2024. Post-guarantee, the total amount will increase to CNY 788.26 billion, accounting for 38.89% of net assets.