Joint Venture

Firm fixes loan figure

PUBLISHED : Thursday, 12 October, 1995, 12:00am
UPDATED : Thursday, 12 October, 1995, 12:00am

SHANGHAI Industrial Investment Holdings has signed an agreement for a US$100 million five-year syndicated loan.


The syndicate consists of 15 banks, with Dai-Ichi Kangyo Bank, Mitsubishi Bank, Sanwa Bank and Sumitomo Bank as arrangers and lead managers.


The company will use the money on a joint venture to build a highway connecting Hongqiao International Airport in Shanghai.