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Asia Standard Hotel Faces Difficulty Refinancing HKD1.36B Loan After Losses on Evergrande Bonds: Wire
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A subsidiary of ASIA STANDARD (00129.HK), Asia Standard Hotel Group, suffered losses of several million US dollars from investments in China Evergrande's bonds, Bloomberg reported, citing people with the knowledge of the matter. The company is now attempting to refinance a HKD1.36 billion loan due next week, but is facing considerable difficulties. The loan is set to mature next Wednesday (27), but has yet to secure sufficient support from lenders, sources divulged. Some creditors urged all other lending institutions to remain in the syndicate to avoid triggering potential liquidity pressure. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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