CapitaLand China Trust (SG:AU8U) has released an update.
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CapitaLand China Trust Management Limited has announced the acceptance of a financial facility for its subsidiary, which owns CapitaMall Grand Canyon, with a clause for prepayment if management changes occur. This facility, guaranteed by HSBC Institutional Trust Services (Singapore) Limited, could lead to cross defaults on CLCT’s other borrowings, which total approximately S$1.7 billion. As of the announcement, the prepayment event has not been triggered.
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