SCE Intelligent Commercial Management (00606.HK) acquires from China SCE Group the entire issued share capital of companies holding commercial properties.

Zhitong Finance APP News: China SCE Commercial Management (00606.HK) and China SCE Group Holdings (01966.HK) jointly announced that on November 24, 2022, the lender (an indirectly wholly-owned subsidiary of China SCE Commercial Management) and the borrower (an indirectly wholly-owned subsidiary of China SCE) entered into a loan agreement, pursuant to which the lender conditionally agreed to grant a loan to the borrower with a principal amount of up to RMB900 million, with a fixed term from the drawdown date to December 31, 2024. On November 19, 2024, the lender and the borrower entered into a supplemental loan agreement, pursuant to which the lender conditionally agreed, among other things, to extend the maturity date of the loan to December 31, 2026. As of August 31, 2026 (being the last practicable date before the publication of this announcement for the purpose of determining the amount of the debt), the debt owed by China SCE Group to the China SCE Commercial Management Group under the revised loan agreement was approximately RMB908.4 million, being the sum of the outstanding loan principal amount of RMB900 million and the accrued interest of approximately RMB8.4 million payable by the borrower under the revised loan agreement.