Hopson Development (HKG:0754) is negotiating with a subsidiary of Singaporean wealth fund Temasek to refinance a bridge loan that funded the purchase of properties in Hong Kong, Bloomberg News reported Friday, citing people familiar with the matter.
Hopson earlier received a four-month bridge facility of $100 million to $115 million from Temasek unit Seatown.
Seatown has not yet sought immediate repayment for the loan, which was due in September, the report said.
The new facility will be priced differently, Bloomberg said.
Hopson's shares fell 5% during Monday's trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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