GDH secures US$536mn dual currency loan facility
Approval show’s lenders’ strong confidence in the prospects of the group’s businesses to provide sufficient fund to capture market opportunities.
GDH Limited (“GDH”) announced that it has successfully secured a US$536 million equivalent dual currency four-year term loan facility from a syndicate of banks with the signing ceremony held on 15 June 2011.The participating banks include ICBC Asia, Dah Sing Bank, Hang Seng Bank, Maybank (Hong Kong Branch), United Overseas Bank, Wing Lung Bank, The Bank of East Asia, DBS Bank and Standard Chartered Bank (Hong Kong). The USD536 million equivalent four-year term loan will be used for the Group’s general working capital, project or equity acquisitions, according to a GDH Limitd report.
Mr. Huang Xiaofeng, Chairman of GDH, expressed that he was very delighted that this syndicated loan had received an overwhelming response, which demonstrated the recognition of the banking sector of the good reputation of GDH and their strong confidence in the prospects of the Group’s businesses. The loan not only enabled GDH with sufficient fund to capture market opportunities in a timely manner, but also accelerated the development of the Group to become a world-class conglomerate, providing a boost for its long-term growth.