Hang Lung Signs HK$10 Billion Five-Year Syndicated Loan Facilities

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

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

Hashtag: #HangLungProperties

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References

1. ^{^} Media OutReach Newswire (www.media-outreach.com)