Summary by Futu AI
China Vanke Corporation (referred to as "Vanke") announced on September 13, 2024, to meet operational needs, the company's holding subsidiaries Zhongshan Vanke Real Estate Co., Ltd. and Shenzhen Huicheng Jufeng Industrial Co., Ltd. provided pledge guarantees for the company's 0.6 billion yuan loan application to Huaxia Commercial Bank Shenzhen Branch. The loan has a term of 5 years, with withdrawals already completed, leaving a balance of 0.595 billion yuan. This guarantee falls within the authorized guarantee limit of not more than 150 billion yuan at the company's 2023 shareholders' meeting. As of June 30, 2024, Vanke's consolidated total assets were 1,4228.19 billion yuan, total liabilities were 10,377.62 billion yuan, and net assets were 3,850.57 billion yuan. The company stated that the risk of this guarantee is controllable, does not damage the interests of the company and shareholders, and complies with relevant provisions of the Company Law and Articles of Association.