Yuexiu Property Secures HK$1.00 Billion 364-Day Loan; Mandatory Prepayment Tied to Yue Xiu’s Control

Bulletin Express04-08

On 8 April 2026, Yuexiu Property Company Limited announced that its wholly owned subsidiary, Charm Smart Development Limited, has signed a facility agreement with an unnamed bank for a HK$1.00 billion term loan. The facility carries a tenor of 364 days from first drawdown and is guaranteed by Yuexiu Property.

A change-of-control clause is embedded in the agreement: if Yue Xiu Enterprises (Holdings) Limited—currently holding roughly 44% of Yuexiu Property’s issued shares—reduces its direct or indirect stake below 30%, ceases to be the single largest beneficial shareholder, or loses effective management control, a mandatory prepayment event will be triggered. Under such circumstances, the lender may refuse further drawdowns, cancel any undrawn portion of the facility, and demand full repayment of outstanding borrowings with no less than 30 days’ notice.

The facility enhances Yuexiu Property’s short-term liquidity while underscoring the strategic importance of Yue Xiu’s continued majority influence over the listed entity.

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