Vanke A: Shenzhen Railway Group agrees to provide the Company with a loan with a total principal amount not exceeding 22 billion yuan
2025-11-02 08:41:29
On November 2, 2025, Vanke A announced that on November 2, 2025, the company entered into a loan framework agreement with Shenzhen Metro Group, a major shareholder of the company, pursuant to which Shenzhen Metro Group agreed to provide the company with a total principal amount of up to RMB 22 billion yuan, mainly covering: (i) unsecured credit loans that Shenzhen Metro Group has provided to the company under the designated agreement before the effective date; and (ii) secured loans provided to the company by Shenzhen Metro Group under the terms and conditions of the loan framework agreement under the formal agreement on or after the effective date. Subject to the terms and conditions of the loan framework agreement, the company may withdraw the loan in multiple batches during the availability period. The term of the loan framework agreement shall be three years from the effective date and may be extended by mutual consent.
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