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Mitsubishi Motors

Mitsubishi Motors Corporation was formed in 1970 from the automotive division of Mitsubishi Heavy Industries and is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan. Popular models include the high-performance Lancer.

Towngas signs HK$3.8b loan deal

PUBLISHED : Friday, 11 February, 2011, 12:00am
UPDATED : Friday, 11 February, 2011, 12:00am

Towngas yesterday signed a HK$3.8 billion five-year syndicated loan facility agreement with a group of banks. Jointly arranged by the Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Citi, it was oversubscribed by more than 70 per cent. The money will be used to refinance a HK$3 billion credit facility agreement dating back to 2006 and support the company's general funding.

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