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Poor financial performance makes HKDL to break the loan agreement

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  • Poor financial performance makes HKDL to break the loan agreement

    http://www.mpfinance.com/htm/Finance...ws/ea_eaa1.htm

    A local newspaper said the poor financial performance of HKDL has make it not able to achieve the minimum profit requirement in a loan agreement of USD300 millions. The resort has requested the bankers to waive the requirement until March 2007. The source said HKDL may not be able to seek further funding from financial institutions if the resort has no significant improvement in revenue and profits.

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