Business Daily Media

Men's Weekly

.

Hang Lung Signs HK$10 Billion Five-Year Syndicated Loan Facilities

HONG KONG SAR - Media OutReach Newswire - 21 January 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) ("the "Company" or "Hang Lung") announced that it has successfully signed a five-year HK$10 billion loan facilities ("the Facilities") with a consortium of more than 10 international, Chinese and local banks.

The Facilities received an encouraging response from the banking community, demonstrating strong confidence in Hang Lung's long-term prospects.

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties (fourth from the left), and Mr. Kenneth Chiu, Chief Financial Officer of Hang Lung Properties (fifth from the left), with bank representatives (from left to right: United Overseas Bank Limited, Oversea-Chinese Banking Corporation Limited, The Hongkong and Shanghai Banking Corporation Limited, Bank of China (Hong Kong) Limited, and DBS Bank Ltd.) at the closing ceremony of Hang Lung’s five-year syndicated loan facilities
Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties (fourth from the left), and Mr. Kenneth Chiu, Chief Financial Officer of Hang Lung Properties (fifth from the left), with bank representatives (from left to right: United Overseas Bank Limited, Oversea-Chinese Banking Corporation Limited, The Hongkong and Shanghai Banking Corporation Limited, Bank of China (Hong Kong) Limited, and DBS Bank Ltd.) at the closing ceremony of Hang Lung’s five-year syndicated loan facilities

The proceeds from the Facilities will be used to refinance part of the Company's debt and provide additional working capital to support the Company's business development.

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties, said, "The strong demand of the Facilities underscores Hang Lung's solid credit profile and the market's trust on our business model. We are committed to utilizing the funds from the Facilities effectively to fuel sustainable business growth. We sincerely appreciate the robust endorsement from the banking sector."

Mr. Kenneth Chiu, Chief Financial Officer of Hang Lung Properties, said, "Securing this strategic financing will strengthen our financial position, and empower us to implement disciplined capital management while pursuing growth. Furthermore, it will strengthen our banking relationships, bolstering our financial resilience in an evolving market."

Hang Lung’s five-year syndicated loan facilities received an encouraging response from a consortium of more than 10 international, Chinese and local banks
Hang Lung’s five-year syndicated loan facilities received an encouraging response from a consortium of more than 10 international, Chinese and local banks

The Facilities are backed by:
Bank of China (Hong Kong) Limited
DBS Bank Ltd.
The Hongkong and Shanghai Banking Corporation Limited
Oversea-Chinese Banking Corporation Limited
United Overseas Bank Limited
Agricultural Bank of China Limited Hong Kong Branch
The Bank of East Asia Limited
China Minsheng Banking Corp., Ltd. Hong Kong Branch
China Zheshang Bank Co., Ltd. Hong Kong Branch
Hua Xia Bank Co., Limited Hong Kong Branch
Chong Hing Bank Limited
Hang Seng Bank Limited
First Commercial Bank Ltd.
Hashtag: #HangLungProperties

The issuer is solely responsible for the content of this announcement.

About Hang Lung Properties

Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the "66" brand, the company's Mainland portfolio has established its leading position as the "Pulse of the City". Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit .

News from Asia

Lee Kuan Yew School of Public Policy Releases Strategic Roadmap for ASEAN's 5G-AI Transformation

New Research Reveals US$130 Billion Economic Opportunity and Outlines Policy Framework to Accelerate Regional Digital Leadership by 2030SINGAPORE - Media OutReach Newswire - 22 July 2025 - The Le...

DFI Retail Group Holdings Limited Half-Year Results For The Six Months Ended 30 June 2025 And Announcement Of Special Dividend

Highlights 39% underlying earnings growth Increased contributions from associates, Health & Beauty and Food Health & Beauty delivered strong like-for-like (LFL...

HeyMax Acquires Hong Kong’s krip to Accelerate Regional Expansion into Loyalty and Rewards Market

HeyMax’s first acquisition fast-tracks its regional expansion, bringing over 6,000 credit card deals offered by over 3,000 merchants, and personalized loyalty experiences to consumers in Hong Kong ...

CUHK Faculty of Engineering: Advancing Innovation Through Research Excellence and Global Collaboration

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - The Faculty of Engineering at The Chinese University of Hong Kong (CUHK) continues to strengthen its position in global engineering educat...

Adecco Singapore Marks 40 Years of Enabling Talent and Business Growth

SINGAPORE - Media OutReach Newswire - 23 July 2025 - Adecco Singapore has officially commemorated its 40th anniversary with a stakeholder event held at the National Gallery Singapore. The occasion...

Samsung’s Solve for Tomorrow 2025 Youth Innovation Competition is Now On

SINGAPORE - Media OutReach Newswire - 23 July 2025 - Samsung Solve for Tomorrow 2025, the highly-anticipated youth innovation competition, is back for its ninth edition in Singapore! As the natio...

Jollibee Group Evolves its Corporate Brand to Help Power Global Growth

Brand update brings to life its global purpose and positioning as a unified group of brandsMANILA, PHILIPPINES - Media OutReach Newswire - 23 July 2025 - The Jollibee Group, one of the world's fas...

AECOM to enhance mobility across the Greater Bay Area by delivering the Hong Kong Section of Hong Kong–Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai)

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - AECOM, the trusted global infrastructure leader, today announced that its joint venture with AtkinsRéalis has been awarded the consultancy ...

OCBC Hong Kong Unveils New Brand Campaign

Connected to “As One Group, OCBC Enables Aspiration All Across ASEAN and Greater China” Demonstrating the Unwavering Commitment in Realising Customer’s Aspirations HONG KONG SAR - Media...

X.me Foundation Empowers Global Expansion of the X.me Social Media Platform

SINGAPORE - Media OutReach Newswire - 23 July 2025 - X.me (https://x.me) is a social media platform where users can freely express themselves, share content, engage, and interact while earnin...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

Sell by LayBy