GF 323
CONFIDENTIAL
機密
24
32.
(b) Fund-raising in Hong Kong
Although currently the extent of fund-raising
activities in Hong Kong for financing projects in China is
not as great as a couple of years ago, there has obviously
been a revival lately. Apart from the keen participation
of the Japanese banks in the respective syndicated loans, banks (including their branches in both Hong Kong
been playing an important role as well.
the PRC
and China) have
The following are the more significant loans concluded in
recent months:
Borrower
Seacliff Ltd., a
joint-venture
between the
American
International
Group, Portman Cos.
and Kajima
Corporation
China Ocean
Shipping co. and China Merchants Holdings Co. Ltd.
A Sino-American telecommunications
equipment manufacturer in Shanghai
A Subsidiary of the Yue Xiu
Enterprises Ltd.
China International Trust and Investment
Corporation
(CITIC)
Bank of China Trust and Consultancy Company
Amount involved
A 5 1/2-year revolving credit facility of US$10 million
A 5-year
syndicated loan of HK$400 million
A syndicated loan of
US$6.5 million
A syndicated loan of US$42.5 million
A syndicated loan of US$20 million
A 7-year syndicated loan of US$50 million
Usage of the loan
Working capital for the Shanghai Centre, a US$195 million
office-cum-hotel complex in Shanghai.
For financing the development of container port in Shekou.
For financing the
production of telephone equipment.
For financing the construction of a power plant in Guangzhou.
For financing CITIC'S investment in a power plant and a cement factory in China.
For financing the construction of a soda ash plant in Inner Mongolia.
CONFIDENTIAL **
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