Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 3 July 2024, 12:21 HKT/SGT
Share:
    

Source: Lifestyle International Holdings Ltd
Lifestyle International Announces Completion of Kai Tak Project Refinancing

HONG KONG, July 3, 2024 - (ACN Newswire) - Lifestyle International Holdings Ltd (“Lifestyle International”) is pleased to announce the successful signing of a HK$7.85 billion 5-year term loan and revolving credit facility (the “New Facility”) on 28 June 2024. The New Facility is for the purposes of refinancing the existing HK$6.95 billion project loan facility for the development of the Group’s retail commercial complex in Kai Tak, East Kowloon, namely “The Twins”. This self-arranged refinancing has garnered strong interest and support from 12 financial institutions, including all the lenders under the existing facility.

Commenting on the New Facility, Ms. Lau Kam Shim, Executive Director of Lifestyle International said:"The success of this self-arranged refinancing, with the facility amount being upsized from HK$6.95 billion to HK$7.85 billion, is a strong vote of confidence in the management of Lifestyle International as well as the future prospects of Hong Kong’s retail market.”

Ms. Lau added “The Twins, which will house Hong Kong’s second full-scale SOGO department store, will kick off its’ first opening phase this year with the commencement of business operations in mid-September. We are excited to step out of our Causeway Bay home base to serve the Kai Tak local community and look forward to introducing a diverse selection of brands, lifestyle and entertainment offerings, that will enrich the daily lives of our East Kowloon customer.”

Ms. Lau concluded: “Despite the current challenging environment, the Group remains firmly confident in the future of Hong Kong, as the city’s increasing integration with the Greater Bay Area will offer tremendous growth potential for the local economy and retail industry in the long term.”

About Lifestyle International

Lifestyle International is a Hong Kong-based premier department store operator. The Group operates the flagship SOGO department store in Causeway Bay, the largest Japanese style department store in Hong Kong. Characterized by the ‘one-stop shopping’ concept and unparalleled brand equity, the Group’s department store offers a wide variety of goods ranging from daily necessities to luxury products as well as personal care services, including beauty salons, in a comfortable and pleasurable shopping environment.

Media enquiries
Email: info@lifestylehk.com.hk 




Topic: Loans & Financing
Source: Lifestyle International Holdings Ltd

Sectors: Retail & eCommerce
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Avenix Fzco Introduces Avexbot: Data-Driven Precision for Forex Traders  
Apr 2, 2025 08:00 HKT/SGT
Euro Manganese Announces Upsize to Previously Announced Financing of up to C$11.2m (A$12.3m) including a Private Placement with Eric Sprott  
Apr 1, 2025 22:39 HKT/SGT
Wuling Motors (00305.HK) Achieves a Surge of 115.6% in Net Profit Attributable to Shareholders for 2024  
Apr 1, 2025 21:53 HKT/SGT
Baguio Green Group Announces 2024 Annual Results  
Apr 1, 2025 20:19 HKT/SGT
analytica Vietnam 2025 Opens Tomorrow: The Leading Laboratory Exhibition Returns to Vietnam  
Apr 1, 2025 20:01 HKT/SGT
Sunshine Insurance: Practicing 'Insurance for the People'
  
Apr 1, 2025 18:50 HKT/SGT
Hitachi's New Corporate Vision: Changing the World and Future with the Power of Knowledge  
Tuesday, April 1, 2025 5:46:00 PM
Hitachi: Strengthening Our Analytical Business to Solve Social Issues with Our Core Technologies  
Tuesday, April 1, 2025 5:38:00 PM
Quam Greater China Magnificent 7 Makes a Stunning Debut: Don't Miss the Next Wave of China Investment Opportunities  
Apr 1, 2025 17:27 HKT/SGT
Hitachi: Completion of New Production Facility for Semiconductor Manufacturing Equipment in Kasado Area  
Tuesday, April 1, 2025 4:52:00 PM
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: