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Yuexiu Property Co ( (HK:0123) ) has provided an announcement.
Yuexiu Property Company Limited has entered into a new HK$220 million term loan facility with a bank, providing funding for a period of 364 days from the first drawdown date, subject to customary terms and conditions. The facility includes change-of-control covenants stipulating that an event of default would be triggered if controlling shareholder Yue Xiu Enterprises (Holdings) Limited’s direct or indirect stake falls below 30%, if it ceases to be the single largest beneficial shareholder, or if it loses effective management control, potentially allowing the lender to demand immediate repayment; with Yue Xiu currently holding about 44%, the arrangement underscores the importance of ownership stability to the company’s financing structure and risk profile.
The most recent analyst rating on (HK:0123) stock is a Hold with a HK$5.00 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 Hong Kong–incorporated property developer listed on the Stock Exchange of Hong Kong. The company operates in the real estate sector with a controlling shareholder, Yue Xiu Enterprises (Holdings) Limited, which currently holds about 44% of its issued shares and maintains effective management control.
Average Trading Volume: 9,649,608
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$16.27B
Learn more about 0123 stock on TipRanks’ Stock Analysis page.