NEFIN secures $2.8m loan from Bank SinoPac Hong Kong

This will be used to support the energy firm’s green projects.

NEFIN secured around US$2.8m (HK$22.15m) loan from Bank SinoPac Hong Kong Branch which will be used to finance its green projects.

In a statement, NEFI said the initial tranche of the loan is related to its two projects in Hong Kong in collaboration with an international financial institution and a leading logistics player globally.

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The further drawdown will be used for the company’s remaining projects in Hong Kong in late 2024.

“With this funding, it not only enhances NEFIN's financed project returns but provides funding to propel its future business growth, while helping MNCs and major corporations across APAC to achieve their sustainability targets,” it said.

US$1 = HK$7.83