YUEXIU PROPERTY Guarantees HK$3 Billion Bank Facility for Subsidiary
Stock News
May 26
YUEXIU PROPERTY (00123) announced that on May 26, 2026, Junying Development Limited (the borrower) and the company (as guarantor) entered into a facility letter with a bank (the lender). Under the terms and conditions of the facility letter, the lender has provided a committed bank facility of HK$3 billion for the development of the remaining portion of Inland Lot No. 46 at Yau Tong. The borrower is the developer of the project. The borrower is a wholly-owned subsidiary of the company, and its obligations under the facility letter are guaranteed by the company.
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