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News Wire / economy

CUHK Medical Centre Repays $4 Billion Loan

RTHK Radio 3 HK Sha Tin 13d Impact 5
The Chinese University of Hong Kong (CUHK) Medical Centre in Sha Tin will fully repay a government loan of over $4 billion ahead of schedule. Authorities stated they never made a formal request for such a repayment.

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CUHK repayment government loan

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Sources · 7 independent

RTHK Radio 3 HK

“The hospital run by the Chinese University says it will fully pay back a government loan of a little over $4 billion ahead of schedule.”

RTHK Radio 3 HK

“and sought extensions to its repayment plan twice. But the hospital says its financial situation has since improved.”

RTHK Radio 3 HK

“A government spokesperson said the hospital was not asked to settle the loan early, but the administration agreed to the repayment proposal in principle.”

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