Ireka Corp Bhd subsidiary Ireka Hotels Sdn Bhd, which owns the Westin Kuala Lumpur, has signed a RM240mil syndicated loan agreement to refinance the cost of building the five-star hotel.
Ireka Hotels signed the five-year term loan with Aseambankers Malaysia Bhd (lead arranger), Malayan Banking Bhd, DBS Bank Ltd (co-arranger), the Employees Provident Fund, and Great Eastern Life Assurance (M) Bhd in Kuala Lumpur yesterday.
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