Mr.
Weber
Lo,
Chief
Executive
Officer
of
Hang
Lung
Properties
(fourth
from
the
left),
and
Mr.
Kenneth
Chiu,
Chief
Financial
Officer
of
Hang
Lung
Properties
(fifth
from
the
left),
with
bank
representatives
(from
left
to
right:
United
Overseas
Bank
Limited,
Oversea-Chinese
Banking
Corporation
Limited,
The
Hongkong
and
Shanghai
Banking
Corporation
Limited,
Bank
of
China
(Hong
Kong)
Limited,
and
DBS
Bank
Ltd.)
at
the
closing
ceremony
of
Hang
Lung’s
five-year
syndicated
loan
facilities
The
proceeds
from
the
Facilities
will
be
used
to
refinance
part
of
the
Company’s
debt
and
provide
additional
working
capital
to
support
the
Company’s
business
development.
Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties, said, “The strong demand of the Facilities underscores Hang Lung’s solid credit profile and the market’s trust on our business model. We are committed to utilizing the funds from the Facilities effectively to fuel sustainable business growth. We sincerely appreciate the robust endorsement from the banking sector.”
Mr. Kenneth Chiu, Chief Financial Officer of Hang Lung Properties, said, “Securing this strategic financing will strengthen our financial position, and empower us to implement disciplined capital management while pursuing growth. Furthermore, it will strengthen our banking relationships, bolstering our financial resilience in an evolving market.”
Hang
Lung’s
five-year
syndicated
loan
facilities
received
an
encouraging
response
from
a
consortium
of
more
than
10
international,
Chinese
and
local
banks
The
Facilities
are
backed
by:
Bank
of
China
(Hong
Kong)
Limited
DBS
Bank
Ltd.
The
Hongkong
and
Shanghai
Banking
Corporation
Limited
Oversea-Chinese
Banking
Corporation
Limited
United
Overseas
Bank
Limited
Agricultural
Bank
of
China
Limited
Hong
Kong
Branch
The
Bank
of
East
Asia
Limited
China
Minsheng
Banking
Corp.,
Ltd.
Hong
Kong
Branch
China
Zheshang
Bank
Co.,
Ltd.
Hong
Kong
Branch
Hua
Xia
Bank
Co.,
Limited
Hong
Kong
Branch
Chong
Hing
Bank
Limited
Hang
Seng
Bank
Limited
First
Commercial
Bank
Ltd.
Hashtag: #HangLungProperties
The issuer is solely responsible for the content of this announcement.
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