Hong Kongâs Sogo Mall operator seeks HK$8 billion loan refinancing
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Hong Kong mall operator Lifestyle International Holdings is negotiating with banks to refinance an HK$8 billion loan, following relaxed borrowing terms due to ongoing earnings pressure. The refinancing will cover a five-year loan maturing in June, secured against the Sogo department store in Causeway Bay. This comes after lenders paused checks on earnings requirements due to Lifestyle's profitability decline. Despite challenges from e-commerce and weak consumer sentiment, Hong Kong's retail sales showed a 6.5% year-on-year increase in November 2025, indicating some market stabilization.
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