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CHINA VANKE Subsidiaries' RMB320M+ Loan Extended by 1 Yr
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CHINA VANKE (02202.HK) announced that its wholly-owned subsidiary, Xi'an Yajian, applied for a bank loan of RMB140 million from United Overseas Bank (China) Limited Shenzhen Branch in 2023, while its other wholly-owned subsidiary, TRADE ROUTE INVESTMENTS, applied for a bank loan of RMB207.97 million from UOB Singapore, with a term of three years. The withdrawal was completed, and the related loans were due in February this year. As of now, the outstanding balances of the two loans are RMB114.8 million and RMB207.97 million, totaling RMB322.77 million. After a recent application, the group stated that UOB Shenzhen and UOB Singapore have agreed to continue providing the loans for a term of one year. AAStocks Financial News |
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