Joy City Property Limited secures new 150 million dollar loan facility with group of financial institutions

Reuters10-10

Joy City Property Limited secures new 150 million dollar loan facility with group of financial institutions

Joy City Property Limited has announced that it has entered into a new facility agreement with a group of financial institutions, securing a term loan facility of US$150 million or its equivalent in Hong Kong dollars. The agreement, signed on 10 October 2025, allows the facility to be drawn in multiple tranches and is intended for refinancing the company's existing indebtedness. The initial maturity of the loan is 12 months from the signing date, with the possibility of extension to up to 36 months, subject to the terms of the agreement. The facility includes specific performance obligations imposed on COFCO Corporation, the company's controlling shareholder.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Joy City Property Limited published the original content used to generate this news brief on October 10, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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