Lai Sun readies HK$18b land war chest

The Lai Sun group of companies is touting a war chest of more than HK$18 billion in credit and cash to speed up its land acquisition in Hong Kong and on the mainland.

As of January, the group had undrawn credit of HK$13.64 billion, of which about HK$11 billion is for future expansion and HK$2 billion for refinancing of existing loans. It has total cash reserves of HK$6.5 billion.

via Business feed http://www.scmp.com/business/article/1236379/lai-sun-readies-hk18b-land-war-chest