SEHK:123Real Estate
Did Yuexiu’s HK$500 Million, Shareholder‑Linked Loan Just Shift Yuexiu Property's (SEHK:123) Investment Narrative?
Earlier this month, Yuexiu Property Company Limited disclosed that it had entered into a facility agreement for a HK$500,000,000 term loan with a bank, providing up to 18 months of funding subject to specific conditions tied to its controlling shareholder.
An interesting feature of the deal is that a change in Yue Xiu Enterprises’ ownership or control below set thresholds could trigger an event of default, allowing the lender to demand immediate repayment.
With this new HK$500,000,000...