Shang Hai Zheng Quan Bao·2025-11-26 15:44Core Points - Vanke is planning to negotiate with bondholders regarding the extension of its 2022 fourth phase medium-term notes (referred to as "22 Vanke MTN004") due to cash flow pressures [2] - The bond has an outstanding balance of 2 billion yuan, with an interest rate of 3%, and the principal repayment date is set for December 15, 2025 [2] - A bondholder meeting will be convened by Shanghai Pudong Development Bank on December 10, 2025, to discuss the extension and other related matters [2][4] Company Information - Issuer Name: Vanke Enterprise Co., Ltd. [4] - Convener: Shanghai Pudong Development Bank Co., Ltd. [4] - Meeting Date: December 10, 2025, at 10:00 AM [4] - Meeting Format: Non-physical [4] Financial Context - The medium-term notes represent funds raised by Vanke from institutional investors [2] - The company is facing cash flow pressure due to industry funding conditions, prompting the need for a repayment plan adjustment to avoid default [2]