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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