Hong Kong investment firm Gaw Capital Partners is in talks with banks to find a solution to a HK$10.3 billion near-maturity loan backing two office buildings, The Standard reported Tuesday.
BNP Paribas, Hang Seng Bank (HKG:011), Standard Chartered (HKG:2888), and United Overseas Bank (SGX:U11) are among the biggest lenders of the loan, the report said.
Refinancing and partial payments on the principal are among the options being considered, but the parties have not yet reached a consensus, according to the report.
The tenor could be extended as a last resort, The Standard wrote.
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