Financing ·
Nam Tai Property Inc. announced two onshore financing transactions totaling RMB 740 million to strengthen its capital…
NTPIFNam Tai Property Inc.
Nam Tai Property Inc. announced two onshore financing transactions totaling RMB 740 million to strengthen its capital structure. A subsidiary entered into a RMB 700 million 15-year fixed asset loan with Ping An Bank at a 3.5% fixed annual interest rate to refinance the Inno Park project. Additionally, a subsidiary closed a RMB 40 million five-year non-revolving credit facility with Shenzhen Rural Commercial Bank at a 3.6% fixed annual interest rate for the Qianhai project. Nam Tai Property Inc. operates in the commercial real estate industry, owning and operating industrial complex projects and residential properties in China.