HKR International Limited (“HKRI”) signed a HK$8 billion 5-year revolving credit and term loan facility today with 19 international and local banks. The sum will refinance an existing HK$5 billion credit facility due this month and will be used as general working capital for HKRI.
Mr Victor Cha, Deputy Chairman & Managing Director of HKRI, said, “The loan facility received overwhelming response and was oversubscribed. We would like to thank all the participating banks for their support, which demonstrates a strong vote of confidence in HKRI.”
Mr Cha added, “HKRI focused on property development business in Hong Kong in the early years of establishment and today, the Group’s diversified businesses span Hong Kong, Mainland China, Japan and Thailand. Going forward, we will cautiously consolidate and strengthen the Group’s asset portfolio and build our land bank when and where appropriate. With innovation and open mindedness, we will actively look into opportunities in new markets and new businesses, in order to sustain growth and pave way for the long term development of HKRI.”
The following international and local banks participated in the loan facility:
- Bank of China (Hong Kong) Limited
- Hang Seng Bank Limited
- The Bank of Tokyo-Mitsubishi UFJ, Ltd., Hong Kong Branch
- Standard Chartered Bank (Hong Kong) Limited
- Nanyang Commercial Bank, Limited
- Bank of Communications Co., Ltd. Hong Kong Branch
- Oversea-Chinese Banking Corporation Limited, Hong Kong Branch
- OCBC Wing Hang Bank Limited
- Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch
- China Construction Bank (Asia) Corporation Limited
- Chiyu Banking Corporation Limited
- Hua Nan Commercial Bank, Ltd., Hong Kong Branch
- Sumitomo Mitsui Banking Corporation
- Industrial and Commercial Bank of China (Asia) Limited
- Mizuho Bank, Ltd., Hong Kong Branch
- Shanghai Commercial Bank Ltd.
- First Commercial Bank, Ltd., Hong Kong Branch
- Mega International Commercial Bank Co., Ltd. Hong Kong Branch
- The Shanghai Commercial & Savings Bank, Ltd. Offshore Banking Branch
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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 Group has diversified interests in real estate development and investment, property management, luxury hotels and serviced apartments, healthcare services and other investments in Hong Kong, Mainland China and across Asia.
