FEC seeks HK$1bn bridge loan for Kai Tak site

Hong Kong_night_230px
By Pan Yue
20 Aug 2019

Far East Consortium International (FEC) is in talks with banks to raise a bridge facility of around HK$1bn ($127m) to support its acquisition of a land plot in Kai Tak, this site of Hong Kong's old airport, from the government.

The company is planning to raise a 1.5 year bridge loan at market pricing, said a spokesperson at the company, who declined to disclose pricing details.

She added that the company plans to do a bridge loan at this stage for settlement, and will seek a construction ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial