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Chinese builder Hopson Development in talks with Temasek unit Seatown Holdings for loan

Bloomberg
Bloomberg • 2 min read
Chinese builder Hopson Development in talks with Temasek unit Seatown Holdings for loan
Like many Chinese developers, Hopson has faced slumping sales as the country remains mired in a years-long property crisis. Photo: Bloomberg
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Chinese builder Hopson Development Holdings is in talks for a new private loan to refinance an expired bridge facility that backed the purchase of some property in Hong Kong, according to people familiar with the matter. 

Discussions for the new loan with Seatown Holdings, a subsidiary of Singaporean sovereign fund Temasek Holdings, are ongoing, the people said.

Earlier this year, Hopson, whose projects include high-end residential and commercial properties in Beijing and Guangzhou, received a four-month bridge loan of around US$100 million ($132.26 million) to US$115 million from Seatown. 

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