Vanke subsidiary applies for RMB 1.4 billion bank loan guarantee

Vanke A announced that in order to meet its operational needs, Vanke's wholly-owned subsidiaries Shanghai Central Real Estate and Shanghai Vanke Enterprises applied for bank loans from Industrial Bank as borrowers, with a loan amount of 1.4 billion yuan and a term of 14 years.

Vanke subsidiary applies for 1.4 billion yuan bank loan guarantee

This loan will help Vanke's subsidiary expand its business scale, promote the company's development and improve its market competitiveness. Vanke has always been committed to providing high-quality real estate projects and supporting corporate development through diversified financial services.

Industrial Bank provides RMB 1.4 billion bank loan

As a lender, Industrial Bank will provide a bank loan of RMB 1.4 billion to Vanke's subsidiary, which will help the subsidiary realize its business expansion and development strategy. As a well-known domestic financial institution, Industrial Bank will provide professional financial service support to Vanke.

The 14-year period helps the company develop in the long term

This bank loan of RMB 1.4 billion is long-term in nature and will provide long-term financial support to Vanke's subsidiaries and help the company achieve its long-term development goals. This will bring stable capital flow to the company and promote its continued growth.

• Improve market competitiveness
• Support corporate development strategies
• Long-term financial support
• Stable capital flow