Stock Track | Yuexiu Property Soars 7% as Subsidiary Secures HK$500M Loan with Shareholder Support

Stock Track

Nov 08, 2024

Shares of Yuexiu Property (00123) rallied 7.11% on November 7th, after the company's subsidiary Leading Affluence secured a HK$500 million revolving loan facility from an unnamed bank for a three-year term.

The loan agreement stipulates that Yue Xiu Enterprises, Yuexiu Property's controlling shareholder, must maintain at least 30% voting shares in the company and remain the single largest shareholder with effective management control. Failing to meet these conditions would trigger an immediate repayment of the loan.

In a filing with the Hong Kong bourse, Yuexiu Property disclosed that Yue Xiu Enterprises currently holds around 44% of the company's issued shares, satisfying the loan conditions. This sizable loan facility is expected to bolster Yuexiu Property's financial position and support its future operations and expansion plans, driving investor sentiment and the stock's surge.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1153087704"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1153087704\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1153087704?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-08 01:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1153087704","market":"hk","top_or_hot":-1,"title":"Stock Track | Yuexiu Property Soars 7% as Subsidiary Secures HK$500M Loan with Shareholder Support","media":"Stock Track","content":"<p>Shares of Yuexiu Property (00123) rallied 7.11% on November 7th, after the company's subsidiary Leading Affluence secured a HK$500 million revolving loan facility from an unnamed bank for a three-year term.</p>\n\n<p>The loan agreement stipulates that Yue Xiu Enterprises, Yuexiu Property's controlling shareholder, must maintain at least 30% voting shares in the company and remain the single largest shareholder with effective management control. Failing to meet these conditions would trigger an immediate repayment of the loan.</p>\n\n<p>In a filing with the Hong Kong bourse, Yuexiu Property disclosed that Yue Xiu Enterprises currently holds around 44% of the company's issued shares, satisfying the loan conditions. This sizable loan facility is expected to bolster Yuexiu Property's financial position and support its future operations and expansion plans, driving investor sentiment and the stock's surge.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Yuexiu Property Soars 7% as Subsidiary Secures HK$500M Loan with Shareholder Support</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Yuexiu Property Soars 7% as Subsidiary Secures HK$500M Loan with Shareholder Support\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-08 01:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Yuexiu Property (00123) rallied 7.11% on November 7th, after the company's subsidiary Leading Affluence secured a HK$500 million revolving loan facility from an unnamed bank for a three-year term.</p>\n\n<p>The loan agreement stipulates that Yue Xiu Enterprises, Yuexiu Property's controlling shareholder, must maintain at least 30% voting shares in the company and remain the single largest shareholder with effective management control. Failing to meet these conditions would trigger an immediate repayment of the loan.</p>\n\n<p>In a filing with the Hong Kong bourse, Yuexiu Property disclosed that Yue Xiu Enterprises currently holds around 44% of the company's issued shares, satisfying the loan conditions. This sizable loan facility is expected to bolster Yuexiu Property's financial position and support its future operations and expansion plans, driving investor sentiment and the stock's surge.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00123","symbol_name":"越秀地产","start_time":0,"source_url":"","article_id":"1153087704","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153087704","pubTimestamp":1731000777,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Yuexiu Property  rallied 7.11% on November 7th, after the company's subsidiary Leading Affluence secured a HK$500 million revolving loan facility from an unnamed bank for a three-year term.The loan agreement stipulates that Yue Xiu Enterprises, Yuexiu Property's controlling shareholder, must maintain at least 30% voting shares in the company and remain the single largest shareholder with effective management control. Failing to meet these conditions would trigger an immediate repayment","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00123":"越秀地产"},"translate_title":"股票赛道越秀地产飙升7%，子公司在股东支持下获得5亿港元贷款","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00123":1},"content_text":"Shares of Yuexiu Property (00123) rallied 7.11% on November 7th, after the company's subsidiary Leading Affluence secured a HK$500 million revolving loan facility from an unnamed bank for a three-year term.\nThe loan agreement stipulates that Yue Xiu Enterprises, Yuexiu Property's controlling shareholder, must maintain at least 30% voting shares in the company and remain the single largest shareholder with effective management control. Failing to meet these conditions would trigger an immediate repayment of the loan.\nIn a filing with the Hong Kong bourse, Yuexiu Property disclosed that Yue Xiu Enterprises currently holds around 44% of the company's issued shares, satisfying the loan conditions. This sizable loan facility is expected to bolster Yuexiu Property's financial position and support its future operations and expansion plans, driving investor sentiment and the stock's surge.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}