trending Market Intelligence /marketintelligence/en/news-insights/trending/h5DzF4Is2cMDUuvT5SM5ug2 content esgSubNav
In This List

Shenzhen Investment secures HK$400M loan facility

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Shenzhen Investment secures HK$400M loan facility

Shenzhen Investment Ltd. secured an up to HK$400.0 million transferable term loan facility from an unidentified bank.

The facility has a term of 48 months, starting Dec. 18, according to a company release.

Under the agreement, a default on the loan will arise in certain cases, such as if Shum Yip Holdings Co. Ltd. ceases to be the company's largest shareholder. Shenzhen Municipal People's Government of the People's Republic of China must also retain a majority stake in Shum Yip.

Shum Yip holds roughly 60.78% of Shenzhen Investment's issued share capital.