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越秀地產:關連交易 - 外匯遠期合約

YUEXIU PROPERTY: CONNECTED TRANSACTION - FX FORWARD CONTRACT

HKEX ·  Jun 5 19:31

Summary by Futu AI

越秀地產於2024年6月5日與其控股股東越秀企業簽訂一項外匯遠期合約,涉及金額為3.50億美元。此交易被視為關連交易,因越秀企業持有越秀地產約43.39%的股份。根據上市規則,該交易的最高適用百分比率超過0.1%但低於5%,因此需遵守申報及公告規定,但免除獨立股東批准。越秀地產表示,此舉旨在管理與美元票據相關的外匯風險,並認為合約將減少對沖成本,符合公司及股東利益。合約的結算日期訂於2026年1月20日,並允許提早終止未完成交易。越秀地產主要從事物業開發及投資,而越秀企業及其母公司廣州越秀在多個領域均有業務。
越秀地產於2024年6月5日與其控股股東越秀企業簽訂一項外匯遠期合約,涉及金額為3.50億美元。此交易被視為關連交易,因越秀企業持有越秀地產約43.39%的股份。根據上市規則,該交易的最高適用百分比率超過0.1%但低於5%,因此需遵守申報及公告規定,但免除獨立股東批准。越秀地產表示,此舉旨在管理與美元票據相關的外匯風險,並認為合約將減少對沖成本,符合公司及股東利益。合約的結算日期訂於2026年1月20日,並允許提早終止未完成交易。越秀地產主要從事物業開發及投資,而越秀企業及其母公司廣州越秀在多個領域均有業務。
On June 5, 2024, Yuexiu Property signed a forex forward contract with its controlling shareholder, Yuexiu Enterprise, involving an amount of USD 350 million. This transaction is considered a related party transaction as Yuexiu Enterprise holds approximately 43.39% of Yuexiu Property's shares. According to the listing rules, the maximum applicable percentage of this transaction exceeds 0.1% but is lower than 5%, so it needs to comply with the declaration and announcement rules but is exempt from independent shareholder approval. Yuexiu Property stated that the purpose of the contract is to manage forex risks related to USD bills and believes that the contract will reduce hedging costs, which is in line with the interests of the company and shareholders. The settlement date of the contract is scheduled for January 20, 2026, and early termination of the uncompleted transaction is allowed. Yuexiu Property is primarily engaged in property development and investment, while Yuexiu Enterprise and its parent company, Guangzhou Yuexiu, have businesses in multiple fields.
On June 5, 2024, Yuexiu Property signed a forex forward contract with its controlling shareholder, Yuexiu Enterprise, involving an amount of USD 350 million. This transaction is considered a related party transaction as Yuexiu Enterprise holds approximately 43.39% of Yuexiu Property's shares. According to the listing rules, the maximum applicable percentage of this transaction exceeds 0.1% but is lower than 5%, so it needs to comply with the declaration and announcement rules but is exempt from independent shareholder approval. Yuexiu Property stated that the purpose of the contract is to manage forex risks related to USD bills and believes that the contract will reduce hedging costs, which is in line with the interests of the company and shareholders. The settlement date of the contract is scheduled for January 20, 2026, and early termination of the uncompleted transaction is allowed. Yuexiu Property is primarily engaged in property development and investment, while Yuexiu Enterprise and its parent company, Guangzhou Yuexiu, have businesses in multiple fields.

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