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Gemdale Properties & Investment ( (HK:0535) ) just unveiled an update.
Gemdale Properties and Investment Corporation Limited announced that its wholly-owned subsidiary, VCIC, has entered into a Deed of Guarantee to provide guarantee obligations for the Borrower, Link JV, under a Facility Agreement. This transaction, which involves a guarantee amount of RMB287,500,000, is aimed at refinancing the existing loan facility of the Borrower. The guarantee is considered a discloseable transaction under the Hong Kong Listing Rules, necessitating reporting and announcement requirements. The company’s directors believe the terms are fair and in the best interest of the company and its shareholders.
More about Gemdale Properties & Investment
Gemdale Properties and Investment Corporation Limited is a company incorporated in Bermuda, primarily engaged in property development and investment. The company focuses on real estate ventures and holds significant equity interests in joint ventures, such as Link JV, which is co-owned with Apollo Asia.
Average Trading Volume: 206,532,697
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.98B
Find detailed analytics on 0535 stock on TipRanks’ Stock Analysis page.