Emperor International Enters Into HK$2,600 Million 5-Year Unsecured Club Loan Facility
Optimises Capital Structure to Fuel its Continued Business Development
HONG KONG, Mar, 12 2019 - (ACN Newswire) - Emperor International Holdings Limited ("Emperor International") (Stock code: 163) is pleased to announce the signing of a 5-year unsecured club loan facility agreement amounting to HK$2,600 million (the "Club Loan") with eight large-scale banks. The relevant proceeds will be used for refinancing its existing debts and general working capital purposes.
Riding on the well-established reputation of "Emperor", the participating banks of the Club Loan cover Hong Kong and Macau, which include Bank of China Macau Branch, Bank of Communications Co. Limited Hong Kong Branch, China Construction Bank (Asia) Corporation Limited, The Bank of East Asia, Limited, Luso International Banking Limited, The Hongkong & Shanghai Banking Corporation Limited, Hang Seng Bank Limited and OCBC Wing Hang Bank Limited.
Mr. Benson Chu, Group Chief Financial Officer of Emperor Group, said, "Following the club loan facility of HK$2,500 million initially secured in 2017, we are pleased to have the active participation from a number of large-scale banks once again this year. The banking industry's continued and dedicated support to Emperor International is a strong vote of confidence in our development prospects and calibre of the management, as well as a testament to the Group's sound capital position and prudent financial management. The Club Loan will provide the Group with abundant capital and effectively reduce its overall financing cost."
Mr. Donald Cheung, Executive Director of Emperor International, said, "The Group's property development projects in Hong Kong are gradually being rolled out as planned, including Peak Castle, luxurious low-rise detached houses in Siu Lam, Tuen Mun, the luxurious residential tower on Mosque Street, Mid-Levels, and luxurious houses in Tai Lam, Tuen Mun. In the meantime, three of the Group's property investment projects in Hong Kong and United Kingdom will step into the pre-leasing stage, all of which will provide Emperor International stable and promising returns. The Group will continue to identify potential and quality investment and development projects. We believe the Club Loan will help promote the sustainable development of the Group's business."
About Emperor International Holdings Limited
Emperor International is an investment holding company, which is principally engaged in property investments, property development and hospitality with property portfolio of over 5 million square feet in the Greater China and overseas. Under its tri-engine business model, Emperor International owns many investment properties in prime locations that generate stable recurrent income; runs many property development projects for earning visibility; and develops hospitality services with strong recurrent cash flow. With its management execution strengths and market insight, Emperor International aims to be a key property player in Greater China. Emperor International has become one of the constituent stocks Hang Seng Corporate Sustainability Benchmark Index since September 2018. For more information, please visit its website: www.EmperorInt.com.
Investor / Press Enquiry
Ms. Anna Luk
Group IR Director
Tel: +852 2835 6783
Email: [email protected]
Ms. Janice Au
Group IR Manager
Tel: +852 2835 6799
Email: [email protected]
Source: Emperor International Holdings Limited
Sectors: Daily Finance, Daily News
Copyright ©2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
More Latest Release >>
Lexus LC Takes 24th Position Overall at QF Race for Nurburgring 24 Hours Endurance Race
May 20, 2019 17:07 JST
"Science Based Targets (SBT) Initiative" Approves Eisai's Greenhouse Gas Reduction Targets
May 17, 2019 16:34 JST
Toyota Rolls Out New Supra
May 17, 2019 15:49 JST
DOCOMO Develops Safe, Blade-free Drone Propelled with Ultrasonic Vibrations
May 17, 2019 12:08 JST
Hitachi Automotive Systems' EV Inverter Adopted for the e-tron, Audi's First Mass Production Electric Vehicle
May 17, 2019 11:40 JST
NEC Awarded Intelligent Transportation System Project in Oman
May 17, 2019 11:15 JST
Eisai to Present Data on Oncology Pipeline and Products at 55th Asco Annual Meeting
May 16, 2019 08:37 JST
Toyota: The Master Craftsmanship of the Century, Japan's Only Chauffeur-Driven Car
May 15, 2019 16:19 JST
NEC and CSC e-Governance Services Form a Strategic Alliance to Deliver Innovative Digital Services for Rural Areas in India
May 15, 2019 13:12 JST
Mitsubishi Shipbuilding Holds Christening Ceremony for Next-Generation LNG Carrier "BUSHU MARU"
May 15, 2019 12:14 JST
MHPS Receives Order for Two H-25 Gas Turbines for Major Chinese Paper Firm Lee & Man Paper Manufacturing Ltd.
May 15, 2019 11:37 JST
Mitsubishi Corporation: Production Underway at Cameron LNG
May 14, 2019 20:01 JST
Fujitsu Formulates "Design the Trusted Future by Data x AI", a Process and Framework for Creating Goal-Oriented Businesses
May 14, 2019 13:23 JST
NEC Becomes the First Japanese Company to Join the TESLA Consortium's Fight Against Cancer
May 14, 2019 10:12 JST
Fujitsu and Autonomic Collaborate to Bring Advanced Mobility Services to Global Automakers
May 14, 2019 09:44 JST
NEC: Grupo Gtd Goes Live With Netcracker's Full-Stack BSS/OSS Suite for B2B Transformation
May 13, 2019 20:39 JST
Tanak and the Toyota Yaris WRC Conquer a New Rally in Chile
May 13, 2019 12:36 JST
Eisai Enters Into Licensing Agreement With Medac Concerning Anti-Rheumatic Agent Methotrexate Subcutaneous Injection in Japan
May 10, 2019 13:34 JST
Eisai: Alzheimer's Clinical Trials Consortium Selects Elenbecestat and BAN2401
May 10, 2019 12:55 JST
Fujitsu Develops Automatic Labeling Technology to Accelerate AI Use of Time-Series Data
May 10, 2019 11:21 JST
|(From left to right):Mr. Cai Chun Yan, Deputy General Manager, Bank of China Macau Branch,
Mr. Wang Feng, Chief Expert of Bank of Communications Company Limited and the Chief Executive of Bank of Communications Company Limited Hong Kong Branch, Dr. Albert Yeung, Chairman of Emperor Group, Mr. Jiang Xianzhou, Chairman and Executive Director, China Construction Bank (Asia) Corporation Limited and Mr. Adrian Li, Executive Director & Deputy Chief Executive, The Bank of East Asia, Limited|
|As witnessed by Dr. Albert Yeung, Chairman of Emperor Group (6th from right, back row), Mr. Alex Yeung, Executive Director of Emperor Group (1st from right, back row), Mr. Benson Chu, Group Chief Financial Officer of Emperor Group (1st from left, back row) and representatives from the banks, Mr. Bryan Wong, Managing Director of Emperor Group (5th from right, front row) represented Emperor International and entered into the Club Loan agreement with the representatives from eight banks.|