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China Resources Land ( (HK:1109) ) has issued an update.
China Resources Land Limited has secured a RMB2 billion sustainability-linked term loan facility with a single bank lender, with a 36‑month tenor starting from the first drawdown. The agreement embeds strict change-of-control covenants: it will constitute an event of default if CRH ceases to be the company’s single largest shareholder with at least 35% ownership or loses practical control over the appointment of the board, or if state-owned SASAC ceases to own more than 50% of CRH, enabling the lender to cancel commitments or demand immediate repayment. These provisions effectively tie the financing to ongoing state-backed control of the group, reinforcing lender confidence in the company’s ownership stability and governance while underscoring the importance of China Resources’ state ownership structure to its access to sustainable financing, with continuing disclosure to be provided in future interim and annual reports.
The most recent analyst rating on (HK:1109) stock is a Buy with a HK$42.00 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 Hong Kong–listed property developer incorporated in the Cayman Islands and controlled by state-owned China Resources (Holdings) Company Limited (CRH), which currently holds about 59.55% of its issued share capital. The company operates within China’s real estate sector, developing and managing residential, commercial, and mixed-use properties under the broader China Resources group, with strategic oversight ultimately linked to the State-owned Assets Supervision and Administration Commission of the State Council of the PRC.
Average Trading Volume: 13,832,249
Technical Sentiment Signal: Buy
Current Market Cap: HK$194.1B
For detailed information about 1109 stock, go to TipRanks’ Stock Analysis page.