On 20th January, the signing ceremony of the syndicated loan (worth RMB 1 billion) involving several foreign banks and Fosun High Technology took place in the headquarters of Fosun Group. Wang Can, Vice President and CFO of Fosun Group and representatives of all parties attended the ceremony. In this syndicated loan in RMB, Korea’s Hana Bank and Hong Kong’s HSBC are the leading bookrunners, Hong Kong’s BEA and Germany’s Commerzbank the leading commissioned arrangers, along with Thailand’s KASIKORNBANK, the Philippines’ Metrobank and Taiwan’s Chang Hwa Commercial Bank as co-arrangers. The consortium offers a three-year working capital loan which will be used to repay existing due loans, further improving the debt structure of Fosun Group.