Brief: Midea Real Estate Says Co, China Construction Bank, Guangdong Province Branch Entered Merger & Acquisition Financing Strategic Cooperation Agreement

Midea Real Estate Holding

22/03/2022 01:45

March 22 (Reuters) - Midea Real Estate Holding Ltd
 3990.HK :
    * CO, CHINA CONSTRUCTION BANK, GUANGDONG PROVINCE BRANCH
ENTERED
MERGER & ACQUISITION FINANCING STRATEGIC COOPERATION AGREEMENT
    * CCB WILL GRANT GROUP A MERGER AND ACQUISITION FINANCING
AMOUNT
OF RMB10.0 BILLION FOR GROUP'S MERGER & ACQUISITION BUSINESS
    * CCB WILL GRANT GROUP LOAN OF NOT LESS THAN RMB2.0 BILLION
TO
FINANCE CONSTRUCTION FOR AFFORDABLE RENTAL HOUSING PROJECTS
    *   CCB TO GRANT CO HOUSING MORTGAGE FINANCING OF RMB10.0
BILLION
FOR PERSONAL HOUSING MORTGAGE FOR CO'S PROPERTY DEVELOPMENT
PROJECTS

Source text for Eikon:  ID:nHKS74qBXV 
Further company coverage:  3990.HK 

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