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C&D International gets additional 15B-yuan loan from shareholder

C&D International Investment Group Ltd. said controlling shareholder C&D Real Estate Corp. Ltd. granted it a loan worth up to 15.00 billion yuan, with the three-year term commencing June 1 and an annual interest rate of 5.94%.

The loan is on top of the up to 30.00 billion-yuan shareholder loan facilities that C&D International and its subsidiaries have received from C&D Real Estate since 2016.

The Hong Kong-listed property developer will use the loan for new investments and future businesses.

As of May 31, US$1 was equivalent to 6.41 yuan.