Slaughter and May, Hong Kong, advised CMB Wing Lung Bank Limited as facility and security agent for a syndicate of lenders on term loan facilities of up to HKD6,463,576,000 made to Dragon Rider Development Limited as borrower and guaranteed by China Resources Land Limited and China Resources (Holdings) Company Limited. China Resources Land Limited and China Resources (Holdings) Company Limited beneficially own 45% and 55% respectively of the issued share capital of Dragon Rider Development Limited.
Dragon Rider Development Limited is an investment holding company and the registered owner of New Kowloon Inland Lot No 6631, Fat Tseung Street, Cheung Sha Wan, Kowloon, Hong Kong (the “Site”). The sole business of Dragon Rider Development Limited is to redevelop the Site into a composite development consisting of mainly private residential properties and commercial properties. The total gross floor area for residential use is estimated to be 137,610 square metres, and the total gross floor area for commercial use is estimated to be 9,174 square metres.
China Resources Land Limited is one of the leading real estate developers in mainland China and is listed on the Hong Kong Stock Exchange.
China Resources (Holdings) Company Limited is a diversified holding company. The China Resources group comprises of six key business areas including consumer products, integrated energy, urban construction and operation, healthcare, industrial finance and technology and emerging sectors. The China Resources group has eight listed companies in Hong Kong including China Resources Beer (Holdings) Company Limited, China Resources Power Holdings Company Limited, China Resources Gas Group Limited, China Resources Mixc Lifestyle Services Limited, China Resources Land Limited, China Resources Building Materials Technology Holdings Limited, China Resources Pharmaceutical Group Limited and China Resources Medical Holdings Company Limited as well as other listed companies in Shanghai and Shenzhen.