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An announcement from China Vanke Co ( (HK:2202) ) is now available.
China Vanke Co., Ltd. announced that its board of directors has approved a resolution for Shenzhen Metro Group, its largest shareholder, to provide a loan of up to RMB2,064 million. This loan is intended to help the company repay the principal and accrued interest on bonds issued in the open market, with a term not exceeding three years and an interest rate based on the 1-year Loan Prime Rate. This financial move is expected to strengthen China Vanke’s liquidity position and support its ongoing operations, reflecting a strategic collaboration with its substantial shareholder.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$4.10 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 leading real estate company in China, primarily engaged in property development and management. The company focuses on residential and commercial real estate projects, serving a broad market across the People’s Republic of China.
Average Trading Volume: 38,062,294
Technical Sentiment Signal: Hold
Current Market Cap: HK$86.7B
Learn more about 2202 stock on TipRanks’ Stock Analysis page.