Sunway unit secures term loan facility


The group said the facility is to finance SLIL’s acquisition of the entire issued shares of Hongkong Land Holdings

KUALA LUMPUR: Sunway Bhd’s indirect wholly-owned subsidiary, Sunway Labuan Investment Ltd (SLIL), has been granted a term loan facility of up to S$600mil (approximately RM1.95bil).

The term loan facility was granted by United Overseas Bank Ltd Labuan Branch, Oversea-Chinese Banking Corp Ltd Labuan Branch and DBS Bank Ltd.

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