China Vanke (02202) announced that its holding subsidiary, Chongqing Yunke Real Estate Co., Ltd. (Chongqing Yunke), has applied to CM Bank for a loan of RMB 263 million with a term of 4 years. As a shareholder of Chongqing Yunke, China Vanke's holding subsidiaries, Chongqing Vanke Enterprise Co., Ltd. (Chongqing Vanke) and Chongqing Kepan Enterprise Management Consulting Co., Ltd. (Chongqing Kepan), respectively provide corresponding pledge guarantees for the aforementioned loan based on their respective holdings of 51% and 49% equity of Chongqing Yunke.
万科企业(02202)控股子公司为向银行申请贷款提供担保
China Vanke Enterprise (02202) subsidiary provides guarantee for bank loan application.
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