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Report: Henglilong may team up with Gaw Capital in HK$15B deal for Swire towers

Henglilong Investments Ltd. is in discussions to team up with Gaw Capital Partners on its HK$15 billion acquisition of two Hong Kong office buildings from Swire Properties Ltd., Bloomberg News reported, citing people familiar with the matter.

Investment holding company Henglilong, which agreed to acquire the towers in June, and Gaw Capital are seeking loans to finance the acquisition, the news outlet reported Oct. 16, citing the people, who asked not to be identified because the information is private.

In August, Henglilong was reportedly seeking the equivalent of HK$12 billion in U.S. dollars in financing to fund its acquisition from Swire, the report added.

A Gaw Capital official and a Swire Properties representative both declined to comment, while no one was immediately available for comment at Henglilong's Hong Kong office, according to Bloomberg.