Joy City Property Limited Secures Renewed US$54 Million Revolving Loan Facility with Extended Maturity

Reuters

2025/06/12

Joy City Property Limited Secures Renewed US$54 Million Revolving Loan Facility with Extended Maturity

Joy City Property Limited has confirmed a renewed financing arrangement with a bank, involving an uncommitted revolving loan facility of up to US$54 million. Announced on June 12, 2025, this agreement extends the maturity of the facility by 12 months from the date of the renewed facility letter, dated May 21, 2025. The funds will be used to refinance existing debt and support the company's general working capital needs. A key condition of the facility is that COFCO Corporation, the controlling shareholder, must remain the largest shareholder of Joy City Property Limited. If COFCO loses its controlling power, it would trigger an event of default, making the facility immediately due and payable. Joy City Property Limited will continue to disclose relevant details in its interim and annual reports as required by the Listing Rules.

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. Joy City Property Limited published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.

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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. Joy City Property Limited published the original content used to generate this news brief on June 12, 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":"00207","symbol_name":"大悦城地產","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250612:nNDL6VCvhS:1","article_id":"2542459579","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542459579","pubTimestamp":1749717290,"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":"Joy City Property Limited has confirmed a renewed financing arrangement with a bank, involving an uncommitted revolving loan facility of up to US$54 million. 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