GR Life Style Delays Circular Dispatch on Associate's Loan Deal

MT Newswires Live

May 05, 2025

GR Life Style (HKG:0108) delayed the dispatch of a circular related to an associate's loan facility to on or before May 30, a May 2 Hong Kong bourse filing said.

The delay comes about as the real estate company needs more time to finalize certain information to be included in the circular.

GR Life Style's unit Beijing Kaipeng Technology Development had, earlier this month, agreed to bear joint liability to the repayment obligations of borrower Beijing Guo Rui Real Estate Development under a 700 million yuan loan facility.

Beijing Kaipeng Technology Development will also mortgage a China property in favour of the Beijing Branch of Shengjing Bank, the lender, to facilitate the borrower in obtaining the facility.

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