Hong Kong-based mobile infrastructure provider Comba Telecom Systems has signed a HK$1.63bn (US$210m) three-year loan.
The size of the facility was increased from US$150m to US$210m because of an “overwhelming” response “in the banking…
Hong Kong-based mobile infrastructure provider Comba Telecom Systems has signed a HK$1.63bn (US$210m) three-year loan.
The size of the facility was increased from US$150m to US$210m because of an “overwhelming” response “in the banking industry”.
Tony Fok, Comba Telecom chairman, commented: “Following our syndicated loan transactions in 2009 and 2010, we are very pleased to secure a new syndicated loan facility given current tightening credit market. This demonstrates our longstanding relationship with the participating banks, our sound capital position and prudent financial management, as well as the banking industry’s recognition and confidence in the group’s future prospects.
The banks participating in the facility are Bank of China, HSBC, Svenska Handelsbanken, Hang Seng Bank, and Standard Chartered.
The company said it will use the proceeds to finance its production line and business expansions, as well as for R&D expenditures and working capital.
