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Hang Lung Properties secures HK$1B green loan

Hang Lung Properties Ltd. obtained a HK$1 billion green loan from the Hong Kong branch of Oversea-Chinese Banking Corp. Ltd.

The property developer's maiden green loan will be used to finance commercial property development projects in mainland China that are certified by or candidates for certification by the U.S. Green Building Council of Leadership in Energy and Environmental Design, according to Dec. 23 a news release.