Vanke unit secures HK$105bn loan renewal with expanded guarantees

Vanke Enterprise Co., Ltd. (Vanke) announced that its controlling subsidiary, Intense Sunshine Limited, has renewed a HK$105,019.54 million bank loan from United Overseas Bank Limited (UOB Singapore) for an additional year. The loan, originally due in December 2024, is now secured by a range of guarantees from Vanke's subsidiaries. These include a joint and several liability guarantee from SCPG Holdings Company, and share pledge guarantees on 100% equity in Intense Sunshine Limited, In-power No.1 Limited, In-power No.3 Limited, and In-power No.4 Limited. Mortgage guarantees are also provided on properties held by Wal-Mart Zhuhai, Wal-Mart Huizhou, and Nanchang Huixian.

The transaction falls within the RMB 150 billion guarantee limit approved by Vanke's 2024 annual general meeting. As of November 30, 2025, Vanke and its controlling subsidiaries' total outstanding guarantees amount to RMB 84.493 billion, representing 41.69% of the company's net assets as audited at the end of 2024. This total includes RMB 81.952 billion for the company and other controlling subsidiaries, RMB 1.668 billion for associated and joint ventures, and RMB 87.3 million for other companies, with no overdue guarantees reported.

Intense Sunshine Limited reported total assets of $20,719.43 million and total liabilities of $18,239.45 million as of November 30, 2025, with a net loss of $639.81 million from January to November 2025. The company confirmed no outstanding litigation or arbitration matters.