Sales of Lai Sun Development’s The Parkland residential project. Photo: Jonathan Wong

    Hong Kong developers Emperor and Lai Sun find relief amid debt pressures

    Emperor International Holdings has secured bank approval to resume borrowing under existing terms by nearly two years, providing the embattled Hong Kong developer with much-needed breathing room after it failed to meet HK$16.6 billion (US$2.13 billion) in debt obligations in July. Meanwhile, shares of Lai Sun Development (LSD) resumed trading on the Hong Kong stock…

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    Sales of Lai Sun Development’s The Parkland residential project. Photo: Jonathan Wong

      Hong Kong developers Emperor and Lai Sun find relief amid debt pressures

      Emperor International Holdings has secured bank approval to resume borrowing under existing terms by nearly two years, providing the embattled Hong Kong developer with much-needed breathing room after it failed to meet HK$16.6 billion (US$2.13 billion) in debt obligations in July. Meanwhile, shares of Lai Sun Development (LSD) resumed trading on the Hong Kong stock…

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      Hong Kong deploys 3 robotic ‘water-pumping dragons’ to drain 24 floods

      Hong Kong deploys 3 robotic ‘water-pumping dragons’ to drain 24 floods

      Hong Kong authorities have deployed three “mobile powerful pumping robots” for the first time to drain at least 24 flooded locations on a day when the city’s forecaster recorded the heaviest daily rainfall for August since 1884. According to the Drainage Services Department, multiple pumping robots, including three known as “water-pumping dragons” in Chinese, tackled…

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