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K Cash Corporation Secures HK$550 Million Loan
KCASH Group (02483.HK) successfully obtained 0.55 billion Hong Kong dollars in syndicated loans.
Kcash Group (02483.HK) announced on November 13th that on November 8, 2024, the company successfully obtained a syndicated loan ("the financing"). The amount of this financing is 0.55 billion Hong Kong dollars, the largest single financing credit since the establishment of the group. The funds raised through this financing will be used for the general corporate purposes of the group, including expanding the group's loan portfolio and refinancing the group's existing financial debt. By entering into this financing, the group can broaden its financing channels, supplement the funds needed for its operations, and optimize the group's debt structure. The company will also continue to monitor its interest rate risks and in appropriate market conditions.
Express News | K Cash Corp - Funds Will Be Applied Towards Group's General Corporate Purposes, Others
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K CASH: Interim Report 2024
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