Xin Lang Cai Jing·2025-11-02 09:08Core Points - Vanke announced a loan framework agreement with its major shareholder, Shenzhen Metro Group, on November 2, 2023, allowing for a maximum loan amount of RMB 22 billion [1] - The loan will cover unsecured credit loans previously provided by Shenzhen Metro Group and secured loans to be provided under the terms of the framework agreement [1] - The funds from the loan will be used to repay various debts issued in the public market, including principal and accrued interest, as well as any designated loan interest agreed upon by Shenzhen Metro Group [1] Financial Details - The maximum loan amount is set at RMB 22 billion, which is expected to be drawn or has been drawn during the period leading up to the company's 2025 annual general meeting, anticipated to be held no later than June 30, 2026 [1] - The agreement includes provisions for both unsecured and secured loans, indicating a structured approach to managing the company's debt obligations [1]