(11 April 2012) China Overseas Land & Investment Ltd (“COLI” or the “Company”, stock code: 00688) announced the signing of a three-year HK$7.6 billion club loan with twelve famous banks. A signing ceremony was held today. Mr. Xiao Xiao, Vice Chairman and Mr. Wu Jianbin, Vice Chairman of the Company attended the ceremony.
The term loan facility is jointly offered by twelve banks including Bank of China (Hong Kong) Limited, Bank of Communications Co., Ltd. Hong Kong Branch, Agricultural Bank of China Limited Hong Kong Branch, DBS Bank Limited, Hong Kong Branch, China Construction Bank Corporation Hong Kong Branch, Industrial and Commercial Bank of China (Asia) Limited, Sumitomo Mitsui Banking Corporation, Wing Hang Bank, Limited, HSBC, Hang Seng Bank Limited, The Bank of East Asia, Limited, and United Overseas Bank Limited. The proceeds will be mainly used for repaying some of the existing loans and for the property development of the Group.
The board of directors of COLI would like to express its sincere appreciation to the participating banks for their continued support.
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