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SCMP Reporter

GUANGDONG International Trust and Investment Corp (GITIC) will sign a syndicated loan for US$30 million today.

  DKB Asia, Daiwa Overseas Finance and Korea Development Bank arranged the loan, which will be used for financing, leasing and real estate investment and development projects.

  GITIC president Huang Yantian will attend the ceremony.

  This is the first time GITIC will obtain funding from the international financial market by way of a syndicated loan.

  Daiwa said the syndication had gone smoothly, with significant participation from South Korean banks, which have strong interest in investing in China.



US$30m loan for GITIC