Yuexiu Property Secures HK$500 Million Revolving Loan Facility
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Yuexiu Property Co. Ltd. has secured a HK$500 million revolving loan facility through its subsidiary, Leading Affluence Limited. The facility, guaranteed by Yuexiu Property, has a term of 364 days. An event of default will occur if the controlling shareholder, Yue Xiu Enterprises (Holdings) Limited, reduces its shareholding below 30% or loses management control. Currently, Yue Xiu holds about 44% of the company's shares.
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