China Resources Land Secures HKD8.64 Billion Loan Facility

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

China Resources Land Limited has entered into a Facility Agreement for term loan facilities amounting to HKD8.64 billion with various banks and financial institutions. The agreement includes specific performance obligations for CRH, such as maintaining a certain level of ownership and control over the company and its subsidiaries. Failure to meet these obligations could result in an event of default, leading to potential financial repercussions.

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 company incorporated in the Cayman Islands, primarily engaged in property development and investment. It operates under the umbrella of China Resources (Holdings) Company Limited (CRH), which is its controlling shareholder.

Average Trading Volume: 21,308,850

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$193.6B

For detailed information about 1109 stock, go to TipRanks’ Stock Analysis page.