Guangdong Investment Secures HK$2 Billion Term Loan Facility

MT Newswires Live

2024/10/08

Guangdong Investment (HKG:0270) accepted a committed term loan facility of HK$2 billion from a bank, according to a Tuesday disclosure with the Hong Kong Exchange.

The loan has a term of 364 days from the drawdown date. The funds will be used for debt payments and short-term working capital.

The facility requires GDH Limited to keep 51% ownership of Guangdong Investment and to stay controlled by the Guangdong provincial government.

Price (HKD): $5.58, Change: $-0.52, Percent Change: -8.52%

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