Yuexiu Real Estate Investment Trust has announced the completion of a refinancing and internal reorganization. Following the drawdown of RMB3,000 million under a new bank facility and the receipt of proceeds, Yuexiu REIT's effective beneficial interest in the Target Companies and the Property has been reduced to 49.495%, resulting in the Target Companies ceasing to be subsidiaries of the trust. Yuexiu REIT will maintain its investment in the Property as a "Qualified Minority-owned Property" under local regulations. Proceeds from the transaction, along with the new facility, will be used for the scheduled or early repayment of existing debt. The reorganization included repayment of part of the existing payables through a shareholder loan and the adoption of a joint venture agreement to govern the joint ownership of the Target Companies and the Property.
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. Yuexiu Real Estate Investment Trust published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251210-11951366), on December 10, 2025, and is solely responsible for the information contained therein.
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