Emperor International Holdings Limited announced on Tuesday the successful conclusion of a club loan amounting to HK$2.42 billion with 11 prime international and local banks.
“All the participating banks of the Club Loan are renowned financial institutions,” the vice chairman and executive director of the Group Alex Yeung Ching-loong said as he expressed his gratitude for their substantial support.
Yeung said the club loan provides the Group with abundant liquidity and ensures financing flexibility for future business development.
Emperor International is on track to launch its residential projects, including No.15 Shouson Hill, Seaside Castle, SouthSky, and Central 8.
Yeung said the Group has planned to roll out two new residential development projects located at No. 1 Wang Tak Street, Happy Valley, and No. 28 Bonham Road, Mid-Levels West, respectively.
Bank of Communications (Hong Kong) Limited, The Bank of East Asia, Limited and The Hongkong and Shanghai Banking Corporation Limited jointly coordinated the club loan facility, according to the statement.
Other participating banks include Bank of China Limited, Macau Branch, Luso International Banking Limited, Cathay United Bank Company, Limited, Hong Kong Branch, OCBC Bank (Hong Kong) Limited, China Construction Bank (Asia) Corporation Limited, Chong Hing Bank Limited, Hang Seng Bank Limited, as well as Bank SinoPac, acting through its Hong Kong Branch.
Hong Kong United Times丨香港聯合時報丨HKUT 