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    1109   KYG2108Y1052

CHINA RESOURCES LAND LIMITED

(1109)
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Delayed Hong Kong Stock Exchange  -  05/23 04:08:12 am EDT
35.70 HKD   +0.42%
05/18China Resources Land Limited Enters into A Facility Letter
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05/13China Resources Land's Contracted Sales Slump 55% in April
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China Resources Land Limited Enters into Facility Letter for USD 100,000,000 Loan Facility with Bank

12/23/2021 | 03:30am EDT

On 23 December 2021, China Resources Land Limited, as borrower, entered into a facility letter for a USD 100,000,000 loan facility with a bank. The Loan Facility has a term of one year commencing from the date of the first drawdown. Pursuant to the Facility Letter, it shall be a Change of Control if (i) CRH ceases to have the direct or indirect ownership of at least 35% of the issued shares of the Company; or (ii) CRH ceases to have the ability from a practical perspective to control the appointment by the Company's shareholders of directors to the Company's board. As at the date of this announcement, CRH owns approximately 59.55% of the issued share capital of the Company. If a Change of Control under the Facility Letter occurs, the bank shall declare any commitment under the Facility Letter to be cancelled and/or declare the outstanding amounts advanced under the Facility Letter, together with accrued interest, and all other amounts accrued under the Facility Letter immediately due and payable.


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Analyst Recommendations on CHINA RESOURCES LAND LIMITED
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Financials
Sales 2022 293 B 37 359 M 37 359 M
Net income 2022 38 325 M 4 883 M 4 883 M
Net Debt 2022 103 B 13 098 M 13 098 M
P/E ratio 2022 6,74x
Yield 2022 5,13%
Capitalization 255 B 32 436 M 32 436 M
EV / Sales 2022 1,22x
EV / Sales 2023 1,12x
Nbr of Employees 49 478
Free-Float 40,4%
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Consensus
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Mean consensus BUY
Number of Analysts 27
Last Close Price 35,70 HKD
Average target price 47,61 HKD
Spread / Average Target 33,4%
EPS Revisions
Managers and Directors
Xin Li Chairman & Co-President
Da Wei Zhang Vice Chairman & Co-President
Shi Qing Guo Chief Financial Officer & Executive Director
Tong Dong Shen Chief Information Officer
Yan Yan Independent Non-Executive Director