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| Wednesday, 15 June 2011, 17:38 HKT/SGT | |
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Source: GDH Limited | |
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HONG KONG, June 15, 2011 - (ACN Newswire) - GDH Limited ("GDH" or the "Group") announced that it has successfully secured a USD536 million equivalent dual currency four-year term loan facility from a syndicate of banks with the signing ceremony held today.
The participating banks include ICBC Asia, Dah Sing Bank, Hang Seng Bank, Maybank (Hong Kong Branch), United Overseas Bank, Wing Lung Bank, The Bank of East Asia, DBS Bank and Standard Chartered Bank (Hong Kong). The USD536 million equivalent four-year term loan will be used for the Group's general working capital, project or equity acquisitions.
Mr. Huang Xiaofeng, Chairman of GDH, expressed that he was very delighted that this syndicated loan had received an overwhelming response, which demonstrated the recognition of the banking sector of the good reputation of GDH and their strong confidence in the prospects of the Group's businesses. The loan not only enabled GDH with sufficient fund to capture market opportunities in a timely manner, but also accelerated the development of the Group to become a world-class conglomerate, providing a boost for its long-term growth.
Contact:
GDH Limited
Director and Financial Controller
Mr. Ricky Li
Tel: +852 2852 9288
Strategic Financial Relations (China) Limited
Ms. Esther Lau
Tel: +852 2864 4845
Email: esther.lau@sprg.com.hk
Ms. Janice Au
Tel: +852 2864 4874
Email: janice.au@sprg.com.hk
Ms. Phoebe Wu
Tel: +852 2114 4960
Email: phoebe.wu@sprg.com.hk
Fax: +852 2527 1271
Topic: Loans & Financing
Source: GDH Limited
Sectors: Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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