Zhuhai Holdings gets low-interest loan from foreign banks
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E-mail China.org.cn, August 14, 2015
Zhuhai Holdings has managed to get a four-year, low-interest loan amounting to HK$2 billion after signing contracts with 10 foreign banks in Taiwan, Hong Kong, Macao, South Korea and countries in Southeast Asia on July 28th.
Analysts said the loan would help Zhuhai Holdings reduce its financing cost by almost 50 percent, as its annual interest rate is half that prevailing in the Chinese mainland.
"It is the first time that foreign banks have extended loans to an enterprise in Zhuhai and there's no doubt that it will dramatically optimize the loan structure of our company," said Huang Xin, chairman of the board and CEO of Zhuhai Holdings.
Given its advantages in location, advanced brand-awareness and wide experience in talent management, Zhuhai Holdings has achieved much in recent years in the areas of "blue ocean" tourism, real estate and "green" vacations, as well as financial investment. Working with several other companies, it is developing a long-term plan to promote its core competitiveness.
The HK$2 billion is not only of vital importance to the investment of promising projects and purchase of new shares, but also lays the foundation of its ultimate goal of establishing "perfect living industrial chain," Huang said.
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