Home News Green loans

OCBC Wing Hang China extends green loan of RMB500 mil to K Wah International subsidiary

Felicia Tan
Felicia Tan5/24/2021 2:53 PM GMT+08  • 2 min read
OCBC Wing Hang China extends green loan of RMB500 mil to K Wah International subsidiary
OCBC Bank, in a statement on May 24, says it aims to build a sustainable finance portfolio of $25 billion by 2025.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

OCBC Wing Hang Bank, a wholly-owned subsidiary of OCBC Bank in China, has provided a green loan of RMB500 million ($103.4 million) to Shanghai Kai Tong Wen An Development, a subsidiary of property developer K. Wah International Holdings.

The first tranche was disbursed on May 24.

This is the first green loan signed between OCBC Wing Hang Bank and K. Wah International.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.