Lai Fung signs US$120mln syndicated loan to win back control

Lai Fung Holdings, the subsidiary of Lai Sun Development (0488), signed a US$ 120 million five-year syndicated loan with HSBC last Friday to allow it to redeem convertible bonds issued to Bank of china. Mark Lee Po-on, director of of Lai sun Garment (International) (0191), said the redeemed bonds will help

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