First sustainability-linked facility for MICA Group approved: DBS HK

The facility has a tenor of six months.

DBS Hong Kong and MICA Group, a trading firm, signed the first sustainability-linked revolving trade facility, which seeks to encourage the group to trade with responsible suppliers.

It will have a six-month tenor and will push MICA Group to trade with International Council on Mining and Metals members, who vowed to work for a sustainable future through responsibly produced minerals and metals.

READ: DBS Hong Kong launch Green Mortgage

MICA Group is composed of Heilong International Limited and Meika Limited. Heilong sources iron ore directly from overseas mines whilst Meika serves as the second trading platform to MICA Group.

Commenting on this facility, MICA Group President Mi Run Tao underscored their goals of environment, social, and governance to allow long-term success of their business as well as the mining industry.

Alex Cheung, managing director and head of institutional banking group of DBS Hong Kong, said they are elated to back MICA Group in promoting responsible procurement.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Hong Kong sets higher investment threshold for residency
Whilst permanent residency in Hong Kong now requires a minimum outlay of $30m (US$3.83m), the range of permissible investments has been expanded.
MBA programmes in Hong Kong live up to financial hub status
MBA providers hop on experiential learning and progressive curriculums to ensure competitive edge in the rapidly evolving business landscape.