Amidst current uncertainties in both the real estate and financial markets, Hang Lung has successfully signed a HK$10 billion five-year syndicated loan with strong support from over 10 international, Chinese, and local banks. This valuable trust not only recognizes our financial strength but also affirms Hang Lung’s strategic vision. Connections invites Mr. Kenneth Chiu, Executive Director & Chief Financial Officer, to share the significance behind this success.

Two Decades of Trust and Support

“We are deeply grateful for the enthusiastic support from our banking partners, which fully demonstrates the strong confidence from the banking sector in our credibility and financial health,” said Kenneth. “We are no stranger to the syndication market, with our last syndicated loan dating back 20 years. It’s particularly gratifying to see some banks who participated back have become our long-term partners and are again walking this journey with us. We also welcome several new banking partners joining us for the first time, broadening our financing channels and laying a solid foundation for future collaboration.”

Strategic Financing in Uncertain Times

“The syndication was a well-timed financing in an evolving market,” explained Kenneth. “As part of our ongoing efforts to diversify funding channels, we pursued a syndication loan in the fourth quarter in 2024, achieving successful closure within just two months – from November’s market launch to January 2025 completion. Despite prevailing uncertainties, the favorable terms we secured underscore the importance of preparation and responsiveness. Most importantly, it reaffirms our disciplined approach to financial management and strategic positioning.”

Teamwork Achieves Outstanding Results

Kenneth also expressed appreciation to the team. “This achievement is not only about numbers – it’s all about people. I would like to thank our Board for their steadfast support, while the top management whose proactive engagement with banks proved instrumental to this success. My heartfelt appreciation goes to our Treasury and Legal teams for their seamless collaboration in efficiently completing complex work within tight timelines while meeting the highest standards of quality and compliance, making these remarkable results possible.”