China Resources Land ( (HK:1109) ) has issued an announcement.
China Resources Land Limited announced the entry into a Facility Agreement for term loan facilities amounting to HKD 6,341,976,000, with Dragon Rider Development Limited as the borrower. The agreement includes specific performance obligations for China Resources (Holdings) Company Limited (CRH) as a guarantor, with potential events of default linked to changes in ownership and control. This agreement underscores the company’s strategic financial management and could impact its operational flexibility and stakeholder confidence.
More about China Resources Land
China Resources Land Limited is a real estate company incorporated in the Cayman Islands, primarily engaged in property development and investment. The company focuses on developing residential, commercial, and hotel properties, with a significant market presence in China.
YTD Price Performance: 22.38%
Average Trading Volume: 24,170
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $25.01B
Learn more about 1109 stock on TipRanks’ Stock Analysis page.