Xin Lang Cai Jing·2025-11-03 02:13Group 1 - Vanke A announced a loan framework agreement with its major shareholder, Shenzhen Metro Group, for a maximum loan amount of RMB 22 billion [1] - The loan will be used to repay bonds issued in the public market and interest on designated borrowings approved by Shenzhen Metro Group [1] - As of the announcement date, Shenzhen Metro Group has already provided RMB 20.373 billion in unsecured loans, with actual withdrawals amounting to RMB 19.71 billion [1] Group 2 - Shenzhen Metro Group, established in July 1998, is a state-owned enterprise responsible for over 90% of urban rail transit construction and operation in Shenzhen, with audited net assets of RMB 30.15 billion as of December 31, 2024 [2] - Shenzhen Metro Group has been the largest shareholder of Vanke since 2017, currently holding 27.18% of the company's shares [3] - Vanke reported a significant decline in revenue for Q3, with a total revenue of RMB 56.07 billion, down 27.3% year-on-year, and a net loss of RMB 16.07 billion, which is an increase of 98% in losses compared to the previous year [3]