KSK Land secures RM650mil loan


KSK Group CEO and KSK Land managing director Joanne Kua (pic) said the company was positive on the outlook of the hospitality industry post Covid-19

KUALA LUMPUR: KSK Group Bhd’s wholly-owned unit, KSK Land Sdn Bhd has secured a RM650mil syndicated facility from Malayan Banking Bhd and Bank Pembangunan Malaysia Bhd for the completion of the 8 Conlay Kempinski Hotel and Residences (Tower C).

The syndicated financing amounts to RM650mil and has a tenure of up to seven years for financing the construction and development costs of the 8 Conlay Kempinski Hotel and Residences.

KSK Group CEO and KSK Land managing director Joanne Kua said the company was positive on the outlook of the hospitality industry post Covid-19. — Bernama

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KSK Land , loan , 8 Conlay , Kempinski Hotel , Joane Kua ,

   

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