VANKE(SZ:000002) 第一财经·2025-07-31 06:38Core Viewpoint - The article discusses Vanke's financial strategies to manage its debt, including shareholder loans from its major shareholder, Shenzhen Metro Group, and asset disposals to settle obligations [1][2][3]. Group 1: Shareholder Loans - Shenzhen Metro Group provided Vanke with a shareholder loan of up to 869 million yuan, aimed at repaying bond principal and interest [1]. - The loan has a duration until July 2, 2028, with a borrowing rate of 2.34% and can be drawn in installments [1]. - This marks the seventh loan from Shenzhen Metro Group to Vanke in 2023, totaling approximately 22.688 billion yuan [1]. Group 2: Debt Settlement through Asset Disposal - Vanke is utilizing various methods to alleviate its debt, including a debt settlement agreement with Wanwu Cloud, involving a total consideration of approximately 257 million yuan [2]. - The agreement includes 106 debt settlement contracts, with Vanke providing properties such as residential units, commercial spaces, and parking spots across multiple cities [2]. - Vanke transferred equity stakes in two subsidiaries, Hangzhou Wanyu and Hangzhou Yuanguang, to Wanwu Cloud as part of the debt settlement, valued at around 98.24 million yuan [3][4]. Group 3: Debt Repayment - Vanke has successfully completed interest payments on its bonds "21 Vanke 06" and "23 Vanke 01" on July 24 and 28, respectively [5].