China Vanke secures Rmb2.8bn loan from Shenzhen Metro Group

Shenzhen Metro Group is the Chinese property giant's largest shareholder with the move coming after Vanke said it could make a loss of up to Rmb45bn in 2024.

China Vanke has this week entered into a loan agreement with its largest shareholder Shenzhen Metro Group, the substantial shareholder of the property, for up to Rmb2.8 billion ($383 million), according to a Hong Kong Stock Exchange (HKEX) announcement on February 10.

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