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GLO advises Lai Fung Holdings Limited on its HK$3,550 million loan facility with 8 leading financial institution groups

Global Law Office advises Lai Fung Holdings Limited, a Hong Kong Listed company which is engaged in property development and investment, on its signing a HK$2,500 million 3-year offshore secured term/revolving loan facility and a HK$1,050 million equivalent 3-year onshore secured term loan facility with 8 leading financial institution groups as lenders. The facilities received a very enthusiastic response from banks with total commitments received amounting to HK$5,465 million equivalent which represent 154% of the original total facility amount of HK$3,550 million equivalent.


The lenders include the Bank of East Asia Limited, BNP Paribas (Hong Kong Branch), China CITIC Bank International Limtied, Chong Hing Bank Limited, DBS Bank Ltd. (Hong Kong Branch), Hang Seng Bank Limtied, the Hong Kong and Shanghai Banking Corporation Limited, and Shanghai Commercial Bank Ltd. Liu Jinrong is the lead partner of Global Law Office’s team.