Love Mountain (2540) announced that its board of directors has approved a syndicated loan agreement with a banking group including Taipei Fubon Commercial Bank, Mega International Commercial Bank, and Chang Hwa Commercial Bank. The total credit facility is NT$16.8 billion (NT$8.4 billion for the company and NT$8.4 billion for Yi-Chuan Development). The loan term is five years from the date of the first drawdown. The funds will be used to repay existing debt from the 2023 syndicated loan, fund the Hsinchu Treasure Phase II development project, and cover basic construction costs to strengthen working capital.

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  • Source: PR Times
  • Category: Financing