China Vanke received a loan from its major shareholder Shenzhen Metro Group with a principal amount of up to 22 billion yuan
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China Vanke has signed a loan framework agreement with its major shareholder, Shenzhen Metro Group, which will provide up to 22 billion yuan in loans. The loan will be used to repay the principal and interest of various debts issued by the company in the public market. The company has established an independent board committee and appointed independent financial advisors to ensure the fairness and reasonableness of the transaction terms, in line with the overall interests of the company and its shareholders
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