China Vanke said its largest shareholder is providing a RMB 2.36 billion ($339 million) loan to help it meet near-term debt repayment obligations, reports Caixin. State-owned Shenzhen Metro Group is providing the three-year loan at an interest rate of 2.34%, according to a stock exchange filing on Tuesday. The railway operator has granted Vanke the option to repay early or negotiate further extensions if it faces continued liquidity difficulties. On Tuesday, Vanke said it had secured bondholder approval to extend the maturities of two medium-term notes originally due in late 2025. After bondholders rejected initial proposals for a full one-year rollover without upfront repayment, Vanke revised its offers.