HKR International Limited (“HKRI”) signed a HK$5 billion 3-year revolving credit and term loan facility today. The sum will refinance an existing HK$2.5 billion revolving credit facility due this month and will be used as general working capital for HKRI.
The Mandated Lead Arrangers and Bookrunners of the facility are Hang Seng Bank Limited, Bank of China (Hong Kong) Limited, Bank of East Asia, DBS Bank Ltd., United Overseas Bank Limited, Wing Lung Bank Limited and Standard Chartered Bank (Hong Kong) Limited; the Lead Arrangers include The Bank of Tokyo-Mitsubishi UFJ, Ltd., Chong Hing Bank Limited, Mizuho Corporate Bank, Ltd., Shanghai Commercial Bank Ltd. and Sumitomo Mitsui Banking Corporation; Tai Fung Bank Limited is the Arranger.
Hang Seng Bank Limited is also the Facility Agent and all the banks named above are the Lenders of the facility.
Mr Victor Cha, Deputy Chairman & Managing Director of HKRI, said: “The loan facility has received an overwhelming response, which is a testament to the banking sector’s confidence in HKRI.” Mr Cha offered his sincere thanks to all the participating banks.
Mr Cha added: “Over the last three decades, HKRI has grown from a Hong Kong property developer to a regional conglomerate with business presence in key Asian markets. With an eye on Asia, we have achieved solid results in Hong Kong, Mainland China, Thailand and Japan etc. Looking ahead, we will remain prudent yet innovative in conducting and developing our business in Hong Kong and across Asia, and will further intensify our diversification strategy, with a view to maximising profit, sustaining growth and creating maximum value for our shareholders.”
About HKR International Limited HKR International Limited has been listed on The Stock Exchange of Hong Kong since 1989, under the Stock Code of 00480. The Company has diversified interests in real estate development and investment, property management, luxury hotels and serviced apartments, property related manufacturing, healthcare services and other investments in Hong Kong, Mainland China and across Asia.