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China Resources Land inks 3B-yuan loan deal

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China Resources Land inks 3B-yuan loan deal

onJuly 15 secured a 3.00 billion-Chinese-yuan loan with an unnamed bank.

Theloan facility will mature three years from the date on which the last advance onthe facility was made, according to a filing.

Theloan deal follows its previous agreements for a 1.50 billion-yuan loan inMarch and an 800million-yuan loan in April,both with undisclosed banks.

As of July 15, US$1 wasequivalent to 6.69 Chinese yuan.