Rih Sheng Construction Signs NT$3.394 Billion Syndicated Loan, Guanqian Urban Renewal Project to Start in 2028
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Rih Sheng Construction announced the completion of a NT$3.394 billion syndicated loan agreement. The funds will be invested in the "Urban Renewal Project" located at the intersection of Guanqian Road and Xinyang Street in Taipei, covering an area of approximately 608 ping. Construction is expected to begin in early 2028 to build a Class A office building. Taiwan Business Bank led the syndicated loan, with multiple banks participating, and the oversubscription rate reached 126%.
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