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CPDC Secures Loan Extension for Subsidiary; Plans Asset Disposal in Kaohsiung to Bolster Finances
Finance · Real Estate Development · economic_daily · 2026-10-20
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CPDC and its subsidiary Ding Yue Development have received bank approval to extend a syndicated loan, while planning land sales to strengthen their balance sheet.
What Happened
Loan Extension: The syndicated loan for the Core Pacific Plaza development project, held by CPDC subsidiary Ding Yue Development, has been granted a one-year extension by the banking syndicate.
Repayment Schedule: Under the new agreement, Ding Yue will repay a total of NT$1 billion in two installments of NT$500 million each, scheduled for March and September 2027.
Asset Optimization: CPDC is continuing its asset revitalization strategy, which includes the active disposal of land assets located in the Qianzhen District of Kaohsiung.
Financial Stability: The proceeds from these land sales are intended to bolster operating capital and ensure the company's overall financial health and debt-servicing capabilities.
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