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-0.00960698689956327 -0.00960698689956327 -0.00960698689956327 -0.00960698689956327 -0.00960698689956327 -0.00698689956331863 -0.0061135371179038 -0.00648471615720518
Stock impact report

China Vanke in Advanced Talks With Banks for $6.9 Billion Loan [Yahoo! Finance]

CHINA MRCHNTS BK UNSP/ADR (CIHKY) 
NASDAQ:AMEX Investor Relations: english.cmbchina.com/cmbir/home.aspx
Company Research Source: Yahoo! Finance
talks with major banks for a loan of about 50 billion yuan ($6.9 billion), people familiar with the matter said. Most Read from Bloomberg World's Largest Nuclear Plant Sits Idle While Energy Needs Soar Warning Signals Are Flashing for Homeowners in Texas and Florida ‘Not Gonna Be Pretty:' Covid-Era Homebuyers Face Huge Rate Jump New BYD Hybrid Can Drive Non-Stop for More Than 2,000 Kilometers Insurers Sink as UnitedHealth Sees ‘Disturbance' in Medicaid If signed, it would be the largest loan in Asia Pacific, excluding Japan, since Taiwan-based National Housing and Urban Regeneration Center's $14 billion deal in 2022, according to Bloomberg-compiled data. Talks over the facility, led by Industrial & Commercial Bank of China, began a few months ago after financial regulators instructed the banks to offer funding support to the developer, said the people, who asked not to be identified as the matter is private. The loan would be backed by about 80 billion to 90 billion yu Show less Read more
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