[ET Net News Agency, 30 April 2018] China Aoyuan Property Group (03883) said it has
secured a three-year club loan agreement of HK$2.5 billion, with Nanyang Commercial Bank,
Hang Seng Bank (00011), China Minsheng Banking Corporation (01988) Hong Kong Branch, Wing
Lung Bank and Industrial and Commercial Bank of China (Asia).
The club loan will bear an interest rate of HIBOR plus 3.95% per annum. Most proceeds
will be used for refinancing the existing debt and the remaining funds will be used for
general working capital, said Aoyuan. (KL)