June 6 (NBD) - Chinese real estate developer Gemdale Corporation (Gemdale, 600383.SH) had an outstanding loan of 55.354 billion yuan (8.6 billion U.S. dollars) as of December 31 of 2017, the company announced Wednesday.

During the first five months of 2018, new loan increment accumulatively stood at 14.99 billion yuan (2.3 billion U.S. dollars), accounting for 25.86 percent of the unaudited net assets at the end of 2017.

Gemdale noted new loans came from issuing debt financing instruments and borrowing from banks. New borrowings belonged to regular corporate activities and would not have a material impact on its debt paying ability, Gemdale underlined.

Email: tanyuhan@nbd.com.cn