Guangdong Investment Secures HK$2.25 Billion Term Loan for General Corporate Funding

Reuters11-19
Guangdong Investment Secures HK$2.25 Billion Term Loan for General Corporate Funding

Guangdong Investment Limited has entered into a new committed term loan facility agreement with a bank, securing a principal amount of HK$2,250,000,000. The facility, set for a term of 364 days from the first drawdown, will be used to finance the company's general corporate funding requirements, including refinancing existing indebtedness, but excluding real estate, toll road, and electric power plant financing. Under the terms of the agreement, GDH Limited, the parent company of Guangdong Investment, must remain majority-owned and controlled by the Guangdong Provincial People's Government, and continue to hold at least a 51% shareholding in Guangdong Investment. Breach of these conditions could result in immediate repayment obligations. As of the agreement date, GDH holds approximately 58.26% of Guangdong Investment. The company will continue to disclose relevant information in future interim and annual reports as required by the Hong Kong Listing Rules.

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