SE ASIA PPT's financial subsidiary has been granted a term loan with a maximum principal amount of HKD 285 million
SE ASIA PPT announced that its subsidiary, Huaguo Hotel Property Co., Ltd., has obtained a term loan with a maximum principal of HKD 285 million. The loan will be used to refinance existing debt and pay for the unpaid construction costs and professional fees of the superstructure project of Huaguo Hotel located in Tsim Sha Tsui, Kowloon, Hong Kong
According to the announcement from Huaxin Real Estate Finance (00252), on August 20, 2025, Huaguo Hotel Property Co., Ltd. (a subsidiary of the company) will act as the borrower, and the company, along with Huaguo Hotel Management Co., Ltd. and Nanjing Plastic Factory Co., Ltd. (both subsidiaries of the company), will act as guarantors in a credit agreement with a bank (the lender). The lender has granted the borrower a term loan with a maximum principal amount of HKD 285 million. This loan will be used to refinance the borrower's existing debts and to fund the unpaid construction costs and professional fees for the superstructure project of Huaguo Hotel located at 7 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong
