COSCO HONG KONG BORROWS $250 MILLION
COSCO Hong Kong, an affiliate of the China Ocean Shipping Co. group, has raised $241 million in loans from international and local financial institutions.
“It is the largest fund-raising activity for COSCO Hong Kong group in recent years,” the Hong Kong-based company said.
ICBC (Asia), Agricultural Bank of China, WestLB and China Everbright Bank were coordinating arrangers to organize the loan facility.