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China Resources Land Secures CNH 5.85 Billion Loan with Shareholding Obligations

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China Resources Land Secures CNH 5.85 Billion Loan with Shareholding Obligations

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China Resources Land ( (HK:1109) ) has provided an update.

China Resources Land Limited has entered into a facility agreement for a CNH 5,850,000,000 term loan with several banks and financial institutions. This agreement includes specific performance obligations for China Resources Holdings to maintain a minimum shareholding percentage and remain the largest shareholder. The agreement outlines potential default events, which could impact the company’s financial commitments and shareholder structure.

The most recent analyst rating on (HK:1109) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.

More about China Resources Land

China Resources Land Limited is a prominent real estate company, primarily engaged in the development, investment, and management of properties. The company operates in the real estate industry with a focus on residential, commercial, and hotel properties, primarily in China.

Average Trading Volume: 21,196,424

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$200.4B

For an in-depth examination of 1109 stock, go to TipRanks’ Overview page.

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