Minmetals Land Limited (HK:0230) has released an update.
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Minmetals Land Limited has secured a 364-day revolving loan facility of HK$780 million, contingent on its controlling shareholder, China Minmetals Corporation, maintaining at least a 51% ownership stake. The facility highlights the company’s strategic financial maneuvers to enhance liquidity, with adherence to specific ownership conditions crucial for its continued access to these funds.
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