Asia loans news in brief, May 6, 2016

China Shanghai sunset 230px
By John Loh, Shruti Chaturvedi
05 May 2016

Hong Kong-listed conglomerate Dah Chong Hong is readying a loan to back its acquisition of Li & Fung’s Asia consumer and healthcare distribution business.

Dah Chong will purchase the Li & Fung subsidiary for $350m, cash free and debt free, according to a filing with the Hong Kong Stock Exchange. 

DBS is the financial adviser to Dah Chong, which will fund the acquisition with a combination of its internal resources and external financing. ...

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