Chow secures HK$680 million loan for Hengqin project

Macau, Slider 08 Apr 2014
Chow secures HK$680 million loan for Hengqin project

Prominent local businessman David Chow Kam Fai and ICBC (Macau) Wednesday signed a HK$680 million loan deal for a large-scale retail and entertainment project in Hengqing.

Chow said he expected the “Lai Chun Friendship Square” project to be completed in two years.

According to The Macau Post Daily, Chow made the remarks to reporters after a signing ceremony held at the Macau Landmark casino-hotel in Zape which is part of Chow’s business empire.Chow also said that he believed that the investment in the project, amounting to about 1.6 billion yuan, could be recouped within seven to 10 years.

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