PCPD subsidiaries complete financing

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    Pride Pacific Limited and Beijing Jing Wei House & Land Estate Development Co have completed a HK$2.8 billion (US$361.3 million) onshore and offshore…

    Pride Pacific Limited and Beijing Jing Wei House & Land Estate Development Co have completed a HK$2.8 billion (US$361.3 million) onshore and offshore financing.

    The companies are both wholly-owned subsidiaries of Pacific Century Premium Developments Limited (PCPD). The transaction involved a syndicated Hong Kong dollar-denominated offshore loan and a secured renminbi-denominated onshore loan.

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