Bay Area Development (00737.HK) announced that its wholly-owned subsidiary, Bay Area Financing, has obtained a non-commitment one-year revolving credit facility of HKD 1.2 billion from Ping An Bank Hong Kong Branch. The loan is intended to be used for the repayment of existing debts of Bay Area Financing, as well as for its operating capital.
灣區發展(00737.HK)附屬獲授12億元循環貸款
Bay Area Dev (00737.HK) subsidiary has been awarded a 1.2 billion yuan revolving loan.
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