Search

MORE NEWS
FINANCIAL SERVICES | Tony Chua, Hong Kong
Published: 17 Jun 11
743 views


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.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: GDH Limited loan, GDH Lending dual currency loan, GDH Limited fundraising

LATEST FINANCIAL SERVICES JOBS »
PRINT ISSUE »

Subscribe Now
Hong Kong’s 20 hottest startups to watch out for in 2015

112 views

Chinese shoppers snub HK stores

62 views

Hong Kong’s top 5 work from home jobs

60 views

MOST READ EXCLUSIVES

This startup builds Hong Kong's first fully online lending platform

This startup builds Hong Kong\'s first fully online lending platform

The company has raised USD20m in just a year.

by KRISANA GALLEZO
25 Mar 2015 | 628 views
 
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter