Hong Kong, May 10, 20242/Getty Images/ -- FUSTAR INTERNATIONAL LIMITED (HKEX Stock Code: 00656) (abbreviated as “FUSTAR INTERNATIONAL”, “FUSTAR” or the “Company”) has successfully completed the refinancing of a USD 8.04 billion loan due on 7 May 2024, of which USD 5.97 billion was successfully completed Set up a new bank loan and pay off the balance through own funds.
FUSTAR HAS BEEN WORKING CLOSELY WITH THE BANK. BANKS INVOLVED IN THIS NEW GROUP'S $5.97 BILLION BANK LOAN ARE: BANK OF CHINA (MACAU), BANK OF CHINA (SHANGHAI), BANK OF PARIS FRANCE, BANK OF EAST ASIA, GERMAN COMMERCIAL BANK, HANG SENG BANK, HSBC BANK, FRENCH FOREIGN TRADE BANK, QATAR Banks and Standard Chartered. This bank loan is the largest of its kind loans to Chinese private enterprises since this year, fully reflecting the recognition of domestic and foreign bank liquidity, and reflects the firm support of domestic and foreign banks for PDO.
Pustar has a wide range of financing channels and widely recognized financing capabilities in the market, with high security of funds. The Company adheres to the principles of sound financial management and actively manages and optimizes the conditions for debt duration, costs, etc. In the future, Reston will continue to focus on the main business, stable development, improve the operational capabilities of the leading industries, and will continuously optimize debt structure, strengthen liquidity management, to contribute to the next round of solid development.
About Resurrection
Founded in 1992, after more than 30 years of development, Fustar has become an innovation-driven global home consumer industry group. With a mission to make the lives of families around the world happier, ResusStar is committed to serving billions of family customers globally, strategically focusing on a healthy, happy, and affluent ecosystem of well-being. FUSTAR INTERNATIONAL WAS LISTED ON THE MAIN BOARD OF THE HONG KONG STOCK EXCHANGE IN 2007 (STOCK CODE: 00656.HK). AS OF 31 DECEMBER 2023, THE COMPANY HAD A TOTAL ASSETS OF RMB8,084 BILLION AND MSCI ESG RATED AA AND IS THE ONLY MSCI ESG RATED AA IN GREATER CHINA.