Property developer China Resources Land Ltd. obtained a HK$700.0 million, five-year term loan facility from an undisclosed bank Oct. 8.

The facility agreement imposes, among other things, China Resources (Holdings) Co. Ltd., the company's largest shareholder, to maintain a 35% minimum shareholding percentage in China Resources Land.

As of Oct. 8, China Resources (Holdings) owns approximately 61.27% of the issued share capital of China Resources Land.