Chinese conglomerate HNA Group has secured a six-month extension for a HK$2.4 billion (US$306.75 million) bridging loan related to its residential project at the site of Hong Kong’s old airport.
Hong Kong International Investment Group, formerly known as HNA Holding International Investment Group, announced the extension before the loan was to be repaid on Monday. It won the site, New Kowloon Inland Lot 6562, for HK$5.41 billion, or HK$13,600 per square foot, in December 2016.
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Source : South China Morning Post
Read more…Hong Kong developer secures extension for HK.4 billion loan related to Kai Tak project















