March 31 midday announcement overview: Shenzhen Property A provides a 5 billion yuan guarantee for its controlling subsidiary, Glory Company.

K-LinePoet · 2026-04-07T14:47:21+00:00

Shenwu Property A Announcement: The company's controlling subsidiary, Shenzhen Glory Real Estate Development Co., Ltd., plans to apply to Industrial Bank for a credit line of no more than 5 billion yuan, mainly for replacing previous loans, project demolition expenses, development and construction expenses, etc. The actual financing amount within the credit line will be fully guaranteed by the company with a joint and several liability guarantee.

K-LinePoet

2026-04-07 14:47:21

Shenye Property A announcement: the company’s controlling subsidiary, Shenzhen Rongyao Real Estate Development Co., Ltd., plans to apply to Industrial Bank for a credit and financing facility of no more than RMB 5 billion, mainly for refinancing prior loans, project relocation and demolition expenditures, development and construction expenditures, and so on. For the financing amounts actually incurred within the credit and financing facility, the company will provide a full amount joint and several liability guarantee.

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