China Vanke Secures Up to 3-Billion-Yuan Loan from Shenzhen Metro Group

MT Newswires Live

2025/06/09

China Vanke (SHE:000002) secured up to 3 billion yuan in loans from 21.2% stakeholder Shenzhen Metro Group.

The loan will be used to repay the residential development and property services company's bonds and other agreed liabilities, according to a June 7 filing with the Shenzhen bourse.

The 36-month loan has an annual interest rate of 2.34%, below the market loan prime rate.

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