Kerry Properties Ltd. Advances HK$271 Million Loan for Tianjin Mixed-Use Development Project

Reuters

05-16

<a href="https://laohu8.com/S/KRYPF">Kerry Properties Ltd.</a> Advances HK$271 Million Loan for Tianjin Mixed-Use Development Project

Kerry Properties Limited has announced the execution of a Cash Advance Agreement to support the development of the Tianjin Project, a mixed-use development located at No. 238, Liuwei Road, Hedong District, Tianjin, PRC. On May 16, 2025, Kerry (Shenyang) Real Estate Development Co., Ltd. (KSRE), a subsidiary of Kerry Properties, agreed to provide a loan of up to RMB250 million (approximately HK$271 million) to Tianjin Kerry Real Estate Development Co., Ltd. (TKRE), a joint venture established for the project. The loan, carrying an annual interest rate of 3.35%, will be used to cover development construction costs and daily operating expenses over a two-year term. This transaction complies with the Listing Rules, requiring announcement and reporting but exempting it from circular and shareholders' approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kerry Properties Ltd. published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.

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Advances HK$271 Million Loan for Tianjin Mixed-Use Development Project","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/KRYPF\">Kerry Properties Ltd.</a> Advances HK$271 Million Loan for Tianjin Mixed-Use Development Project\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Kerry Properties Limited has announced the execution of a Cash Advance Agreement to support the development of the Tianjin Project, a mixed-use development located at No. 238, Liuwei Road, Hedong District, Tianjin, PRC. On May 16, 2025, Kerry (Shenyang) Real Estate Development Co., Ltd. (KSRE), a subsidiary of Kerry Properties, agreed to provide a loan of up to RMB250 million (approximately HK$271 million) to Tianjin Kerry Real Estate Development Co., Ltd. (TKRE), a joint venture established for the project. The loan, carrying an annual interest rate of 3.35%, will be used to cover development construction costs and daily operating expenses over a two-year term. This transaction complies with the Listing Rules, requiring announcement and reporting but exempting it from circular and shareholders' approval.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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Advances HK$271 Million Loan for Tianjin Mixed-Use Development Project\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-16 18:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/KRYPF\">Kerry Properties Ltd.</a> Advances HK$271 Million Loan for Tianjin Mixed-Use Development Project\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Kerry Properties Limited has announced the execution of a Cash Advance Agreement to support the development of the Tianjin Project, a mixed-use development located at No. 238, Liuwei Road, Hedong District, Tianjin, PRC. On May 16, 2025, Kerry (Shenyang) Real Estate Development Co., Ltd. (KSRE), a subsidiary of Kerry Properties, agreed to provide a loan of up to RMB250 million (approximately HK$271 million) to Tianjin Kerry Real Estate Development Co., Ltd. (TKRE), a joint venture established for the project. The loan, carrying an annual interest rate of 3.35%, will be used to cover development construction costs and daily operating expenses over a two-year term. This transaction complies with the Listing Rules, requiring announcement and reporting but exempting it from circular and shareholders' approval.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kerry Properties Ltd. published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1216","symbol_name":"多樣化房地產活動","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250516:nNDLc6QylS:1","article_id":"2535367130","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535367130","pubTimestamp":1747390292,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Kerry Properties Limited has announced the execution of a Cash Advance Agreement to support the development of the Tianjin Project, a mixed-use development located at No. 238, Liuwei Road, Hedong District, Tianjin, PRC. On May 16, 2025, Kerry  Real Estate Development Co., Ltd. , a subsidiary of Kerry Properties, agreed to provide a loan of up to RMB250 million  to Tianjin Kerry Real Estate Development Co., Ltd. , a joint venture established for the project. The loan, carrying an annual interest rate of 3.35%, will be used to cover development construction costs and daily operating expenses over a two-year term. This transaction complies with the Listing Rules, requiring announcement and reporting but exempting it from circular and shareholders' approval.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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Advances HK$271 Million Loan for Tianjin Mixed-Use Development Project\n    \n\n        Kerry Properties Limited has announced the execution of a Cash Advance Agreement to support the development of the Tianjin Project, a mixed-use development located at No. 238, Liuwei Road, Hedong District, Tianjin, PRC. On May 16, 2025, Kerry (Shenyang) Real Estate Development Co., Ltd. (KSRE), a subsidiary of Kerry Properties, agreed to provide a loan of up to RMB250 million (approximately HK$271 million) to Tianjin Kerry Real Estate Development Co., Ltd. (TKRE), a joint venture established for the project. The loan, carrying an annual interest rate of 3.35%, will be used to cover development construction costs and daily operating expenses over a two-year term. This transaction complies with the Listing Rules, requiring announcement and reporting but exempting it from circular and shareholders' approval.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kerry Properties Ltd. published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}