News Column

Yuexiu Property Inks Term Loan Financing Agreement

May 26, 2014

HONG KONG, May 26, SinoCast -- Yuexiu Property (SEHK: 0123) said that a financing agreement has been inked with a bank on May 23, being granted with term loans of at most HKD 300 million with a term of 60 months.

As agreed, controlling shareholder Yue Xiu Enterprises Holdings Ltd. has not less than 35% direct or indirect voting right of the company as well as controlling right for effective management. The controlling shareholder beneficially holds 49.67% of its outstanding shares.

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Source: Sinocast Construction & Real Estate Beat (China)

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