
Emperor International Holdings has secured bank approval to resume borrowing under existing terms by nearly two years, providing the embattled Hong Kong developer with much-needed breathing room after it failed to meet HK$16.6 billion (US$2.13 billion) in debt obligations in July.
Meanwhile, shares of Lai Sun Development (LSD) resumed trading on the Hong Kong stock exchange on Friday, after the firm said it was negotiating a potential asset sale alongside its parent company, Lai Sun Garment…
Source link