VCIC, a wholly-owned subsidiary of Gemdale Properties and Investment Corporation Limited, has entered into a Deed of Guarantee with Standard Chartered Bank (Hong Kong) Limited. Under this agreement, VCIC will act as the Guarantor to provide a guarantee amounting to RMB287,500,000, representing 50% of the Facility amount, along with corresponding interest expenses. This financial arrangement aims to support Link JV Holdings Limited, a joint venture owned equally by Gemdale Properties Group and Apollo Asia. The subsidiary is primarily engaged in investment holding, and this transaction highlights its role in facilitating strategic financial partnerships.
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