Core Viewpoint - Shenzhen Holdings (00604) announced a loan agreement between its indirect non-wholly owned subsidiary, Shenzhen Taiyun Tong, and its shareholders, Deep Industry Tai Ran and Shenzhen Metro Property, to provide loans based on their respective shareholding ratios in Shenzhen Taiyun Tong [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 Deep Industry Tai Ran and Shenzhen Metro Property, respectively [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 requirements [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: Purpose 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 aims to utilize its surplus cash more effectively by providing loans to its shareholders based on their respective shareholding ratios, as it does not have significant capital needs [1] - The loan agreement's interest rate was determined by referencing current market savings rates, and the terms were negotiated fairly among the parties involved [1]
深圳控股(00604)附属与深业泰然及深圳地铁置业订立贷款协议