Ying Li International Real Estate Extends Deadline for Three Loans

MT Newswires

02/13

Ying Li International Real Estate (SGX:5DM) is extending repayment deadlines for three loans from its controlling shareholder's finance arm, China Everbright Finance, for a third time, according to a Friday filing with the Singapore Exchange.

Under the agreement, the company will roll the unpaid interest into the loan balance, pushing the final payment date three years further out.

Following the agreement, the maturity date of the company's loan of around $45.6 million was extended to May 9, 2029.

The maturity of the company's loan of around $15.0 million was extended to Oct. 5, 2029, while the maturity date of the loan of SG$18.1 million was extended to July 15, 2029.

China Everbright Finance is a subsidiary of China Everbright Limited (HKG:0165), with the former owning a 72.04% stake in the company.

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