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KARDAN Oktober 2017

635 Posts
Pagina: «« 1 ... 11 12 13 14 15 ... 32 »» | Laatste | Omlaag ↓
  1. forum rang 4 bik 23 oktober 2017 17:39
    quote:

    beterwisdanonwis schreef op 3 oktober 2017 16:21:

    Ik heb de afgelopen dagen een groot deel van Kardan van de hand gedaan. Er gebeurt me net iets te weinig. Houd nog enkele 100K stuks aan voor het geval dat, en bijkopen kan altijd nog.
    U leeft in een paralelle pipido modus. U denkt van Uzelve dat U wis bist,maar veur hetzelfde geld bent U onwis,als U het iemand anders vraagt.Tis maer hoe ge ut bekiekt,mien jong. Grmpfffft.
  2. [verwijderd] 24 oktober 2017 13:52
    KARDAN LAND CHINA SIGNS NEW CREDIT FACILITY
    Amsterdam, October 24, 2017 - Kardan N.V. (‘Kardan’ or ‘the Company’), active in Real Estate
    and Water Infrastructure in emerging markets announces that its subsidiary Kardan Land
    China (KLC) has signed a credit facility of EUR 115 million. The credit facility will primarily
    be used to refinance the outstanding debt of the current loan, and to finance the additional
    funding requirement of Europark Dalian project.
    Kardan Land Dalian Ltd. (the project company), KLD (its direct parent company) and KLC have
    entered into the agreement with two subsidiaries of the investment fund China Hua Rong
    International Holding Ltd.: Hua Rong (China) Investment Management Ltd (‘HR Beijing’) and Hua
    Rong Holdings (Shenzhen) Equity Investment Fund Management Ltd. (‘HR Shenzhen’) in China.
    Further details on the credit facility agreement can be found on the Company’s website
    (www.kardan.com/media-press/immediate-reports)
  3. [verwijderd] 24 oktober 2017 13:52

    Faciliteit betreft 115 miljoen euro.
    (ABM FN-Dow Jones) Dochteronderneming Kardan Land China van het Israelische investeringsbedrijf Kardan heeft in China een kredietfaciliteit van 115 miljoen euro gesloten. Dit maakte het aan Euronext Amsterdam genoteerde bedrijf dinsdag bekend.
    De middelen zullen voornamelijk worden gebruikt om de uitstaande schuld op een lening te herfinancieren en voor additionele financiering voor het Europark Dalian project.
    Op een rood Damrak noteerde het aandeel Kardan dinsdag 0,9 procent hoger op 0,22 euro.
    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999
    Copyright ABM Financial News. All rights reserved
    (END) Dow Jones Newswires
    October 24, 2017 07:50 ET (11:50 GMT)
    © 2017 ABM Financial News. All rights reserved.
  4. [verwijderd] 24 oktober 2017 13:55
    IMMEDIATE REPORT
    KARDAN LAND CHINA SIGNS NEW CREDIT FACILITY -
    EUROPARK DALIAN REFINANCING
    Kardan NV (‘Kardan’) announces the following:
    On October 24, 2017 Kardan Land Dalian Ltd. (‘the Project Company’), KLD and KLC entered into
    an agreement with two subsidiaries of the investment fund China Hua Rong International Holdings
    Ltd.: Hua Rong (China) Investment Management Ltd (‘HR Beijing’) and Hua Rong Holdings
    (Shenzhen) Equity Investment Fund Management Ltd. (‘HR Shenzhen’) (together ‘the Fund‘) in
    China, with respect to a credit facility (the ‘Credit’) amounting to RMB 900 million (approximately
    EUR 115 million) for the Europark Dalian project (the ‘Project’).
    The Project Company is a wholly owned subsidiary of Kardan, indirectly held through GTC Real
    Estate Holding B.V., Kardan Land China Ltd. (‘KLC’) and Kardan Land Dalian (HK) Ltd. (‘KLD’).
    The details of the Credit are as follows:
    ? The Credit will be made available by HR Shenzhen (RMB 600 million) and HR Beijing (RMB
    300 million) for a period of 3 years from the date of the initial drawdown, which can be extended
    by one year with the mutual consent of both parties.
    ? The Credit bears an annual interest rate of 12% payable quarterly1. If, during the first 9 months
    from the initial drawdown, HR Beijing will assign its rights with respect to RMB 300 million to
    another financial institution, the interest rate will decrease to an average rate of approximately
    11%. The decrease in the interest rate is subject to future negotiations and the timing of the
    debt assignment
    ? The Credit will be used to refinance the outstanding debt of the current project loan amounting
    to RMB 800 million, the terms of which were disclosed in the Annual Report 2016, and to finance
    the operations of the Project Company (RMB 100 million).
    ? After one year from the initial drawdown, the Project Company may, at any time, repay the
    Credit early. During the first year from the initial drawdown, the Project Company may repay the
    Credit early subject to the consent of the Fund which will not be unreasonably withheld unless
    it was not approved by the Investment Decision Committee of Hua Rong International Holdings
    Ltd.
    ? As collateral for the Credit, KLC has undertaken to guarantee all the liabilities of the Project
    Company in accordance with the Credit agreement, KLD has undertaken to pledge all its shares
    in the Project Company. The Project Company has agreed to establish a pledge in favor of the
    Fund on the land of the Project and on the Project itself (initially a second tier pledge to be
    changed into a first tier pledge later).
    The Credit includes certain requirements as follows:
    ? All proceeds from sale of apartments and from rental income will be deposited in a custody
    account supervised by the Fund. The Project Company may use the proceeds for working
    capital, construction costs, shopping mall operation expenditure, principal and interest payment,
    and any other use approved by the Fund.
    ? Appointment of a director on behalf of the Fund to the Project Company. The Project Company
    will need the director’s approval for any transfer or issue of shares that will lead to loss of control
    1 In the first year, the interest rate is 9%. In addition, the Project Company has committed to pay commission
    amounting to RMB 27 million (representing 3% of the total Credit) and reimbursement of legal fees, immediately
    after the initial drawdown. In addition, the Project Company has committed to pay an annual commission of
    0.08%.
    over KLC, KLD or the Project Company; and for any pledge of assets or obtaining a new loan
    which will not be used to repay the Credit.
    ? The Project Company should meet 2 milestones in relation to sales in the Project. In case the
    Project Company fails to meet one of the milestones, a grace period of 6 months shall apply. If
    by the end of the grace period the target hasn’t been met, a penalty of 0.05% per day will be
    imposed on the missing gap between the sales target and the actual sales.
    ? The Project Company should meet a milestone in relation to the progress of the construction of
    the Project. In case the Project Company fails to meet the milestone, a grace period of 3 months
    shall apply. If the target hasn’t been met by the end of the grace period, a penalty of 0.05% per
    day will be imposed.
    ? Meeting Financial Covenants: (a) loan to value (‘LTV’) should be lower than 50%. The current
    LTV is estimated at approximately 30%. (b) the total value of guarantees provided by KLC
    should not exceed its equity. (c) in case there is a major decrease in the value of the shares of
    the Project Company which affects its ability to repay the Credit, KLC group will have to provide
    additional collateral.
    Any delay in payment under the loan agreement will entitle to Fund to receive penalty interest of
    0.05% per day.
    The agreement includes provisions with respect to immediate repayment of the Credit under certain
    circumstances, including failing to pay the principal or interest, using the Credit funds for other
    purposes than it is intended for, breach of a liability or representation, change of control in KLC,
    KLD or the Project Company without the approval of the director that was appointed on behalf of
    the Fund, breach of a loan agreement or of a collateral of the Project Company, significant adverse
    change in the Project Company or KLC, including significant decrease in activities, assets or the
    operations of the Project Company or KLC, entering into insolvency procedures etc.
    EuroPark Dalian is a mixed-use of project of residential and commercial, including a shopping mall
    (Galleria Dalian), two SOHO buildings (Small Office Home Office), two luxury buildings, serviced
    apartments building and parking spaces, in a total built area of 327,000 sqm in the city of Dalian, in
    China. As of the date of this publication, the Project is expected to include 1,063 residential units at
    a marketable area of 109,000 sqm, and 2,000 parking spaces that will be used by the residents of
    the buildings and the visitors of Galleria Dalian. As at 30 September 2017, the Project Company
    has sold approximately 700 residential units in the Project.
  5. forum rang 10 DeZwarteRidder 24 oktober 2017 14:07
    quote:

    el pato loco schreef op 24 oktober 2017 13:59:

    En tegen welke rente gaat dit, en wat staat er tegenover de leningen als collateral.
    Het is gewoon een hypotheek als verlenging van de bestaande hypotheek.
    De rente begint met 9% en de lening mag na een jaar vervroegd afgelost worden.
635 Posts
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