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Vanke A: Controlling Subsidiary SCPG's 1.654 Billion Yuan Bank Loan Approved for One-Year Extension
Mingji AI Express, March 20 — Vanke A announced that its controlling subsidiary SCPG Holdings Co., Ltd. (Yinli Group) has repaid part of an 1.8 billion yuan loan applied for from the Hong Kong branch of Industrial Bank. The current balance is 1.654 billion yuan. The original loan was due in March 2026. Recently, upon application, Industrial Bank Hong Kong agreed to continue providing the loan for one year. The guarantee method remains unchanged, with a guarantee amount not exceeding 1.66 billion yuan. As of January 31, 2026, the company’s and its controlling subsidiaries’ external guarantee balance was 95.458 billion yuan, which will increase to 95.64 billion yuan after this guarantee, accounting for 47.19% of the net assets attributable to shareholders of the listed company at the end of 2024.
Daily Economic News