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China Vanke Co ( (HK:2202) ) has provided an announcement.
China Vanke Co., Ltd. announced that its board of directors approved a resolution for a loan provision by Shenzhen Metro Group Co., Ltd. (SZMC), its largest shareholder. SZMC will provide a loan of up to RMB6.249 billion to assist in repaying the company’s bonds, with a favorable interest rate lower than the company’s current financial institution loans, reflecting strong shareholder support. Additionally, an existing RMB890 million loan from SZMC has been extended, ensuring continued financial stability without negatively impacting the company’s financial position or minority investors.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.30 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
More about China Vanke Co
China Vanke Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily engaged in the real estate industry. The company focuses on property development and management, and it is supported by its substantial shareholder, Shenzhen Metro Group Co., Ltd.
Average Trading Volume: 33,191,007
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$78.47B
See more data about 2202 stock on TipRanks’ Stock Analysis page.