Summary by Futu AI
Guangdong Investment Limited ("Guangdong Investment") announced on September 4, 2024, that it has accepted a HK$3,000,000,000 committed term loan refinancing offered by a bank for general corporate financing needs, including refinancing existing debts. The loan refinancing has a term of 364 days and is subject to the terms and conditions set out in the financing letter. The company also commits that its ultimate controlling shareholder, Guangdong Holdings Group Limited ("Hong Kong Guangdong"), will continue to be ultimately and materially controlled by the Guangdong Provincial Government and maintain at least a 51% equity stake in the company. Currently, Hong Kong Guangdong holds approximately 58.26% of Guangdong Investment's equity. Pursuant to Rule 13.21 of the Listing Rules, Guangdong Investment will continue to disclose relevant responsibilities in its subsequent interim and annual reports.