Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
SHK PPT Signs HKD20B 5-Yr Syndicated Loan
Recommend 1 Positive 2 Negative 4 |
||||
|
||||
|
SHK PPT (00016.HK) signed a HKD20 billion five-year term and revolving syndicated loan facility. The loan attracted participation from 16 financial institutions. During the coordinating arranger stage, the financing amount was considerably increased from an initial HKD5 billion to more than HKD26 billion. Raymond Kwok, Chairman and Managing Director of SHK PPT, said he was very pleased with the strong market response to the facility, which fully reflects the financial market’s confidence in SHK PPT and Hong Kong’s future development. The Group will adhere to prudent financial management principles and strategically allocate the proceeds from the financing. Part of the funds will be used for debt refinancing, while the remainder will be reserved for general operations and development capital. AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
