China Vanke in $3b loan deal for Tai Po project

China Vanke in $3b loan deal for Tai Po project China Vanke (2202) will provide a guarantee for its unit to obtain a HK$3 billion one-year loan for developing a project in Tai Po. Vanke Property (Hong Kong), Vanke's wholly-owned subsidiary, will provide joint liability guarantee to its other unit, Wealth Honour, for the syndicated loan, the developer said in a regulatory filing yesterday. After the guarantee, the company's total guarantee amount will reach 36.51 billion yuan (HK$40.87 billion), accounting for 15.47 percent of its net assets attributable to shareholders, it added. Wealth Honour had total assets of HK$3.95 billion…