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An announcement from Yuexiu Property Co ( (HK:0123) ) is now available.
Yuexiu Property Company Limited has arranged a HK$500 million, 364-day revolving loan facility for its wholly owned subsidiary Leading Affluence Limited, with the parent company providing a guarantee for the borrower’s obligations. The facility contains a change-of-control covenant stipulating that an event of default will occur if controlling shareholder Yue Xiu Enterprises (Holdings) Limited’s stake falls below 30%, if it ceases to be the single largest shareholder, or if it loses effective management control, allowing the lender to demand immediate repayment; Yue Xiu currently holds about 44% of Yuexiu Property’s issued shares, underscoring the importance of maintaining its control to preserve the group’s funding arrangements.
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 and investment company listed on the Main Board of the Hong Kong Stock Exchange. The group operates through various wholly owned subsidiaries to raise funding and support its real estate development and related businesses in Hong Kong and mainland China.
Average Trading Volume: 9,599,105
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.03B
For detailed information about 0123 stock, go to TipRanks’ Stock Analysis page.