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2004-1-19 03:43:00 p.m. HKT, XFNA
Hong Kong-listed Global Green says unit signs 235 mln hkd syndicated loan
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HONG KONG (AFX-ASIA) - Personal care products maker Global Green Tech
Group Ltd (274.HK) said its unit, Global Chemical (China) Co Ltd, signed a
three-year 235 mln hkd syndicated loan facility with eight financial
institutions.
In a statement, Global Green said it raised the amount from just 200 mln
hkd after the facility was over-subscribed.
Global Green said the loan is intended to boost the working capital of
the companies.
Societe Generale Asia Ltd and China Minsheng Banking Corp Ltd are the
coordinating arrangers of the facility. Other banks tapped for the loan were
Oversea-Chinese Banking Corp, Tai Fung Bank Ltd, Wing Hang Bank, Taiwan
Business Bank Hong Kong branch, International Bank of Asia Ltd and Taipeibank
Co Ltd Hong Kong branch.
(1 usd = 7.8 hkd)
leonora.walet@afxasia.com
lw/ram
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