Prince Max von und zu Liechtenstein, chairman of LGT Group, says geopolitical dynamics "have accelerated a lot over the last five years." He speaks at the Bloomberg Family Office Summit in Hong Kong. (Source: Bloomberg)
Prince Max von und zu Liechtenstein, chairman of LGT Group, says geopolitical dynamics "have accelerated a lot over the last five years." He speaks at the Bloomberg Family Office Summit in Hong Kong. (Source: Bloomberg)
Erdene Resource Development press release ( ERDCF ): FY Revenue of $31M, including silver by-product in 2025. Net loss stood at $8.18M vs. $8.25M in 2024 Exploration expenses rose to $2.45M vs. $1.85M YoY, and administrative costs declined to $4.00M vs. $5.04M YoY. More on Erdene Resource Development Corporation Financial information for Erdene Resource Development Corporation
Erdene Resource Development press release ( ERDCF ): FY Revenue of $31M, including silver by-product in 2025. Net loss stood at $8.18M vs. $8.25M in 2024 Exploration expenses rose to $2.45M vs. $1.85M YoY, and administrative costs declined to $4.00M vs. $5.04M YoY. More on Erdene Resource Development Corporation Financial information for Erdene Resource Development Corporation
Singapore’s state coroner on Wednesday upheld the Police Coast Guard’s (PCG) finding that there was no foul play in the death of Indian singer Zubeen Garg and ruled the death an accidental drowning. Directly addressing a concern raised by Garg’s widow about the finding by the PCG that there was no foul play, State Coroner Adam Nakhoda said the PCG had carried out a comprehensive and thorough inves...
Singapore’s state coroner on Wednesday upheld the Police Coast Guard’s (PCG) finding that there was no foul play in the death of Indian singer Zubeen Garg and ruled the death an accidental drowning. Directly addressing a concern raised by Garg’s widow about the finding by the PCG that there was no foul play, State Coroner Adam Nakhoda said the PCG had carried out a comprehensive and thorough investigation in this case. Instead, he found that Garg’s death was “simply due to an unfortunate and...
Hong Kong’s largest developer Sun Hung Kai Properties Ltd. has secured a HK$20 billion ($2.6 billion) bank loan at its lowest borrowing cost in years, according to people familiar with the matter. The five-year loan, whose proceeds will go toward refinancing, was initially offered at HK$5 billion with expectations it may grow if demand was strong, the people said, asking not to be identified discu...
Hong Kong’s largest developer Sun Hung Kai Properties Ltd. has secured a HK$20 billion ($2.6 billion) bank loan at its lowest borrowing cost in years, according to people familiar with the matter. The five-year loan, whose proceeds will go toward refinancing, was initially offered at HK$5 billion with expectations it may grow if demand was strong, the people said, asking not to be identified discussing private matters. In the end, banks pledged as much as HK$26 billion, they said. The banks offering the loan — to be signed in April or May — include Bank of China (Hong Kong), DBS Bank, HSBC, OCBC and others . The deal pays an interest margin of 60 basis points over the Hong Kong Interbank Offered Rate, the people said. Strong bank support for the deal adds to evidence that Hong Kong’s housing market is recovering after years of weakness. Mainland Chinese buyers have been purchasing heavily in the city, helping developers clear unsold units. What began as a test of sentiment has become a clear sign that creditors are embracing the broader property rebound in the city. 2026 HKD 20 billion Hibor+ 60bp 5Y 2024 HKD 23 billion N/A 5Y 2023 HKD 27.5 billion N/A 5Y 2022 HKD 20.7 billion N/A 5Y 2021 HKD 16.8 billion Hibor+ 83bp 5Y 2019 HKD 20 billion Hibor+ 75bp 5Y 2018 HKD 21 billion Hibor+ 65bp 5Y 2017 HKD 22 billion Hibor+ 70bp 5Y 2016 HKD 15 billion Hibor+ 88bp 5Y A Sun Hung Kai Properties spokesperson declined to comment. More housing buyers may flock to leading Hong Kong developers’ mass residential units if interest rates keep falling. The benchmark one-month Hibor rate stood at 2.13% on Wednesday, down from 3.08% in the beginning of the year. The developer, which primarily builds and operates properties in Hong Kong and mainland China, typically seeks syndicated loans annually and had rarely skipped fund-raising in the past decade. But the firm didn’t pursue a deal in 2025 as declining asset values and weak investor sentiment weighed on the real estate market.