Core Viewpoint - Shenzhen Holdings (00604) announced a loan agreement involving its indirect non-wholly owned subsidiary, Shenzhen Taiyun Tong, which will provide loans to its shareholders based on their equity stakes in the company [1] Group 1: Loan Agreement Details - The total principal amount of the loans to be provided by Shenzhen Taiyun Tong is RMB 1.29 billion and RMB 1.24 billion to its shareholders, namely Shenye Tairan and Shenzhen Metro Property [1] - The loan financing term is set for 36 months from the date of the first loan disbursement, with the option for the lender to disburse the loans in one or multiple batches based on the borrower's funding needs [1] - The loans will be charged a fixed annual interest rate of 0.05%, which will remain unchanged throughout the loan period [1] Group 2: Company Operations and Financial Strategy - Shenzhen Taiyun Tong is primarily engaged in the development and construction of a residential project located in Shenzhen, which has already been completed and has generated surplus cash [1] - The company does not have significant capital needs, allowing it to effectively utilize surplus cash by providing loans to its shareholders based on their respective equity stakes, with all loans funded from the company's internal idle resources [1] - The interest rate for the loan agreement was determined by referencing current market savings rates, and the terms of the loan agreement were negotiated fairly among the parties involved [1]
深圳控股附属与深业泰然及深圳地铁置业订立贷款协议