Sun Hung Kai returns for more, seeks HK$5bn loan

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Sun Hung Kai returns for more, seeks HK$5bn loan

Hong Kong’s Sun Hung Kai Properties is seeking responses from banks to a request for a HK$5bn ($645m) financing, with lenders expected to indicate their commitment levels within the next two weeks. The loan follows its HK$15.2bn fundraising from March, which got an overwhelming response leading to an increase in size from the planned HK$5bn.

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