China Vanke Co.,Ltd. (000002) has announced that, following negotiations, its largest shareholder, Shenzhen Metro Group Co., Ltd. ("Shenzhen Metro Group"), will provide the company with a loan of up to 1.14 billion yuan.
The funds are designated for repaying the principal and interest of bonds issued by the company in the public market, as well as any interest on the specified loan agreed upon by the lender.
The maximum term for this loan facility is set at three years.
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