China Vanke secures US$194 million loan from Industrial Bank in brief respite for troubled property developer

The loans were secured and guaranteed by units Shanghai Central District Real Estate and Shanghai Vanke Enterprise. Shanghai Central District is fully owned by Shanghai Vanke. The Shenzhen-based developer said in a statement filed with the Hong Kong exchange late on Tuesday that it had obtained a…#shanghai #shenzhen #hongkong #industrialbank #heavily #chinaevergrande #sp #fitchratings #banyantreeholdings #singapore
Source: Reuters: Health - Category: Consumer Health News Source Type: news