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Allied Group (0373) & subsidiaries Allied Props (0056) and SHK (0086) lend HK$1176m to unnamed borrower

Company announcement, 2-Oct-2018

We can tell you from subsequent filings that the borrower is CWT (0521), a subsidiary of mainland group HNA. Another unnamed "Lender C" is APAC Resources (1104), which is 34% controlled by Allied Props and lent HK$174m, taking the total to HK$1350m. This follows an earlier 13-month loan of HK$353m on 5-Sep-2017 by SHK.

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