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Jinmao (China) Hotel extends maturity of US$250M term loan

Jinmao (China) Hotel Investments and Management Ltd. extended the maturity of a two-year US$250.0 million term loan signed Sept. 2, 2016, to May 23, 2020.

The loan was granted by DBS Bank Ltd. and the proceeds will be used for general capital expenditures and to pay company dividends.