A unit of SCE Intelligent Commercial Management (HKG:0606) is extending the maturity date of a loan granted to an affiliate to Dec. 31, 2026, from Dec. 31, 2024, previously, a Tuesday bourse filing said.
Unit Shanghai China SCE Commercial Management had granted a 900 million yuan loan to the borrower on Nov. 24, 2022. As of Oct. 31, the principal amount of 871.9 million yuan under the loan agreement remains outstanding.
The borrower, Shanghai Zhongjun Property, is a unit of China SCE Group Holdings (HKG:1966), a controlling shareholder of property manager SCE Intelligent Commercial Management.
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