Lee & Man Said to Plan to Sign HK$3.5 Billion Loan With 20 Banks

Lee & Man Paper Manufacturing Ltd. (2314) plans to sign a HK$3.5 billion loan with 20 banks on Dec. 21, said a person familiar with the matter.

The loan size has been increased from the original target of HK$2.5 billion, said the person who asked not to be identified because the details are private.

Banks joining the loan are Bank Sinopac, Bank of Tokyo Mitsubishi UFJ Ltd., China Construction Bank Corp., Chinatrust Commercial Bank Corp., Chang Hwa Commercial Bank, E Sun Commercial Bank, First Commercial Bank Co., Hua Nan Commercial Bank Ltd., Land Bank of Taiwan, and Nanyang Commercial Bank Ltd., said the person.

Also joining the syndicate are KBC Groep NV, Taipei Fubon Commercial Bank Co., Taishin Financial Holding Co., Taiwan Business Bank, Taiwan Cooperative Bank, and Yuanta Commercial Bank Co., said the person.

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

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