Yuexiu REIT Completes Corporate Reorganisation and Refinancing
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Yuexiu Real Estate Investment Trust has completed a refinancing and internal reorganization. The trust's effective beneficial interest in the Target Companies and the Property has been reduced to 49.495%, and the Target Companies are no longer subsidiaries. Proceeds from the transaction and a new bank facility will be used to repay existing debt. The reorganization included a shareholder loan repayment and a joint venture agreement for joint ownership of the Target Companies and the Property.
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