Market Chatter: Hong Kong Property Magnates Lai Sun, Far East to Borrow HK$2.3 Billion for Golf Course

MT Newswires Live

05/21

A consortium led by private equity company Hony Capital and two Hong Kong property magnates will borrow HK$2.3 billion to build a golf course in the New Territories Hong Kong, Bloomberg News reported Tuesday, citing people familiar with the matter.

The loan will have a five-year term, and proceeds will be used to transform a restored landfill in Tai Po into an 18-hole, par-71 golf course, the report said.

The Plover Cove Golf Club will begin operations in 2027, the report said.

Hony Capital will hold a 45% stake in the golf course, while the family of Far East Consortium (HKG:0035) Chairman David Chiu will hold 40%, and Peter Lam of Lai Sun Development (HKG:0488 will have a 5% stake, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02833","symbol_name":"恒指ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2537987783","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537987783","pubTimestamp":1747827665,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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