Hong Kong Construction (Holdings) is negotiating with investment funds to finance its aggressive expansion in the mainland.
With its gearing set to climb and many of its mainland projects not expected to deliver revenue until next year, the company is looking for sources of capital to fund existing and new projects.
Last week, the company invited several investment funds for a briefing in Hong Kong.
'Now is the right time to have some co-operation with investment funds,' chief executive Eric Oei Kang said, noting that the company had been tidying up its finances for the past two years.
He refused to elaborate on the plans, saying they were still at the preliminary stages.
Chen Libo, chief operating officer who oversees the mainland property business, said Hong Kong Construction would speed up revenue return of existing projects and negotiate with major mainland banks for syndicated loans to fund its projects.