Summary by Futu AI
Guangdong Investment Limited (the "Company") announced on October 8, 2024, that it has accepted a committed term loan refinancing of HK$2,000,000,000 provided by a bank for the purpose of refinancing existing debts and short-term operational funding needs. The loan refinancing has a maximum term of 364 days. The Company must ensure that its direct controlling shareholder, Guangdong Holdings Group Limited ("Hong Kong Guangdong"), continues to be ultimately and beneficially controlled by the Guangdong Provincial Government, and directly or indirectly beneficially owns at least 51% of the Company's shares. If the Company fails to fulfill its commitments, the loan will immediately be due and repayable. Currently, Hong Kong Guangdong holds approximately 58.26% equity interest in the Company, with ultimate control held by the Guangdong Provincial Government. The Company will continue to disclose relevant information in its upcoming interim and annual reports.