Gelonghui, April 26, 丨 China Jinmao (00817.HK) announced that on April 26, 2024, the company's indirect wholly-owned subsidiary Zhantuo Real Estate (as borrower) signed a loan contract with Sinochem Finance (as lender). Based on this, Sinochem Finance agreed to provide a loan with a total principal amount of RMB 1.5 billion to Zhantuo Real Estate.
In order to guarantee the repayment liability of Zhantuo Real Estate under the loan contract, Zhantuo Real Estate and Sinochem Finance entered into a mortgage contract on the same day. Based on this, Zhantuo Real Estate agreed to mortgage the property in question to Sinochem Finance.