Vanke's announcement shows that the company previously applied for a 0.6 billion RMB loan from the Bank of China with a term of 3 years. Dalian Vanke provided corresponding pledge guarantee for the aforementioned loan with 100% equity of Dalian Wanding Property Co., Ltd. Vanke also increased guarantees for Bank of Communications' 70 million RMB, 15-year loan and 128 million RMB, 15-year loan. Vanke's total external guarantee amount will reach 97 billion RMB, accounting for 39% of the company's net assets at the end of 2023.
万科为7.98亿元人民币银行贷款提供担保
Vanke provides guarantee for a bank loan of 0.798 billion yuan in RMB.
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