MTR (HKG:0066) is in talks with banks to seek capital loans of about HK$1 billion each for terms of up to five years, Bloomberg News reported Friday, citing people familiar with the matter.
The amount the rail-to-real estate operator needs to raise in aggregate has not yet been determined, the report said.
MTR is performing "forward-looking financial planning" to ensure funding for its business operations, the report said, citing a spokesperson.
Among the projects MTR is focusing on, is the extension of the Tung Chung and East Rail lines, the report said, citing the company website.
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