China Vanke granted $866 million loan from state-owned shareholder

Reuters

2025/07/03

<a href="https://laohu8.com/S/CHVKF">China Vanke</a> granted $866 million loan from state-owned shareholder

BEIJING, July 3 (Reuters) - Property developer China Vanke's 000002.SZ biggest shareholder, state-owned Shenzhen Metro, will provide a loan of up to 6.2 billion yuan ($865.78 million) and has agreed to extend existing loans totalling 890 million yuan, it said on Thursday.

China Vanke said in a filing to the Shenzhen stock exchange that it will pledge equity in its property management service unit Onewo Inc 2602.HK as collateral for existing loans of 1.6 billion yuan.

($1 = 7.1612 Chinese yuan renminbi)

(Reporting by Ethan Wang, Yukun Zhang and Ryan WooEditing by David Goodman)

((Ethan.Wang@thomsonreuters.com;))

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