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China Resources Land ( (HK:1109) ) just unveiled an update.
China Resources Land Limited has entered into a term loan facility agreement with a bank for up to CNY1.5 billion, with a term of 24 months. The agreement includes specific performance obligations for China Resources (Holdings) Company Limited (CRH), the controlling shareholder, which must maintain a minimum ownership stake and control over board appointments. Any breach of these conditions could lead to an event of default, allowing the lender to demand immediate repayment. This agreement underscores the company’s strategic financial management and highlights the importance of maintaining shareholder structure for operational stability.
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 incorporated in the Cayman Islands, focusing on property development and investment. It operates primarily in the Chinese market, where it is a significant player in the real estate sector.
Average Trading Volume: 17,728,847
Technical Sentiment Signal: Buy
Current Market Cap: HK$231.3B
For detailed information about 1109 stock, go to TipRanks’ Stock Analysis page.