Search

MORE NEWS
FINANCIAL SERVICES | Tony Chua, Hong Kong
Published: 17 Jun 11
756 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

PRINT ISSUE »

Subscribe Now
HK recruitment market gets more competitive than ever

21 views

The power of multi channel marketing

8 views

Hong Kong venture capital funds: The future of startups?

8 views

MOST READ EXCLUSIVES

Here's how a startup aims to market ‘kezhans’ digitally

Here\'s how a startup aims to market ‘kezhans’ digitally

This company has built SaaS digital marketing systems for boutique hotels.

by STAFF REPORTER
9 Jun 2015 | 878 views
 

A room for video games at GoAnimate’s new office

A room for video games at GoAnimate’s new office

Check out the interior photos.

by STAFF REPORTER
9 Jun 2015 | 694 views

Le Slip Francais brings its fun and authentic French brand in Asia

Le Slip Francais brings its fun and authentic French brand in Asia

And Hong Kong is its new home.

by STAFF REPORTER
16 Jun 2015 | 579 views
 
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter