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Guangdong Electric Power Development Subsidiary To Extend Loan For REIT Issuance

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Guangdong Electric Power Development (SHE:000539) subsidiary Guangdong Wind Power will extend a 4-billion-yuan shareholder loan to Zhuhai Wind Power, according to a Wednesday filing with the Shenzhen bourse.

The loan has a term of 36 months and an annual interest rate based on the loan interest rate of Guangdong Wind Power from the listed company and other financial institutions during the same period.

The will help Zhuhai Wind Power pay its loans to meet the requirements for Guangdong Wind Power's application to issue a public real estate investment trust using the Zhuhai Jinwan Offshore Wind Power as its initial asset.

Zhuhai Wind Power operates the offshore wind power plant.

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