Fosun International Ltd. has secured a HK$1.6 billion ($205 million) syndicated loan to partly refinance an existing facility for a Hong Kong property project, according to people familiar with the matter.
The new facility, which has a one-year tenor, was signed at the end of last month, said the people, asking not to be named discussing private matters. The upsized facility was originally meant to roll over a HK$1.3 billion loan that the Chinese private conglomerate received last year to fund the purchase and development of the site in the Clearwater Bay area.
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