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Yuexiu Property Co ( (HK:0123) ) has shared an update.
Yuexiu Property Company Limited announced that its subsidiary, Leading Affluence Limited, has entered into a facility agreement for a CNH500 million term loan. The agreement includes conditions that could trigger an event of default if the controlling shareholder, Yue Xiu Enterprises, reduces its stake below 30% or loses management control. This move underscores the company’s strategic financial management and highlights the importance of maintaining shareholder structure to ensure financial stability.
The most recent analyst rating on (HK:0123) stock is a Buy with a HK$6.60 price target. To see the full list of analyst forecasts on Yuexiu Property Co stock, see the HK:0123 Stock Forecast page.
More about Yuexiu Property Co
Yuexiu Property Company Limited is a real estate company based in Hong Kong, primarily involved in property development, investment, and management. The company focuses on the Chinese market, leveraging its strategic positioning to capitalize on urbanization and economic growth opportunities.
Average Trading Volume: 14,274,808
Current Market Cap: HK$19.08B
For an in-depth examination of 0123 stock, go to TipRanks’ Overview page.