China Vanke (02202) has obtained a loan of up to 1.14 billion yuan from Shenzhen Metro Group.

20:36 12/06/2026

Vanke Corporation (02202) announced that on June 12, 2026 (after the trading period), the company entered into a loan agreement with its major shareholder, Shenzhen Metro Group. According to this agreement, Shenzhen Metro Group has agreed to provide a loan of up to RMB 1.14 billion to the company. The group is required to pledge assets to Shenzhen Metro Group as the beneficiary to ensure the company's debt repayment under the loan agreement. The pledged assets are the company's accounts receivable of RMB 1.14 billion for a certain project (with a 100% pledge rate), to serve as collateral under the loan agreement.

China Vanke (02202) announced that on June 12, 2026 (after trading hours), the company entered into a loan agreement with its major shareholder, Shenzhen Metro Group. According to the agreement, Shenzhen Metro Group has agreed to provide a loan to the company of up to RMB 1.14 billion. The Group is required to pledge assets to Shenzhen Metro Group as a beneficiary to fulfill the company's debt obligations under the loan agreement. The pledged assets are receivables of RMB 1.14 billion that the Group holds for a certain project (with a pledge rate of 100%), which will serve as collateral under the loan agreement.

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