China Everbright Holdings Co Ltd, the Chinese government backed concern which recently acquired a 7.74% stake in Hongkong Telecommunications Ltd from CITIC Pacific, has secured a $1.05bn 12-month loan to part finance the deal. The borrowing was made by Everbright Finance and Investment Co Ltd which is a 100% arm of China Everbright. Hongkong Telecom shares would be used as security for the facility.
