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Metro gets $90m loan from Hong Kong hedge fund for Brisbane tower

Jan 26 2017 by Larry Schlesinger One of the country's biggest private developers, Metro Property Development, has negotiated a $90 million senior loan with Hong Kong-based hedge fund OCP Asia to fund the construction of an apartment tower in Brisbane. Metro's deal with OCP comes as the major banks pull back from lending into the [...]

2017-06-08T13:23:49+00:00 By |Financial|

Asian credit hedge fund goes where Aussie banks fear to tread

OCP Asia was a funder of the conversion of the 100 Harris Street wool warehouse into a residential and commercial property site. (Picture: Steven Siewert) Australian Financial Review Jan 12 2017 by Jonathan Shapiro One of Asia's top performing hedge funds is deploying more money than ever in Australia as banks retreat from property development, resources [...]

2017-06-08T13:24:23+00:00 By |Uncategorized|

Steller Group gets Asian equity boost

Stellar Group managing director Nicholas Smedley. (Picture: David Geraghty) The Australian July 25, 2016 By: Damon Kitney, Victorian Business Editor, Melbourne The Asia-focused alternative ­investment fund manager OCP Asia has emerged as the backer of a suite of new apartment developments in Melbourne suburbia by property developer the Steller Group, which now has about [...]

2017-06-08T13:19:49+00:00 By |Uncategorized|

Hedge Fund OCP Asia Hires Ernest Lee From Nomura in Singapore

Bloomberg Jul 4 2016 by Denise Wee Lee was head of principal finance group at Nomura Singapore OCP Asia is hiring as banks scale back regional SME lending Credit hedge fund OCP Asia has hired Ernest Lee from Nomura Singapore Ltd. as a senior portfolio manager, Dan Simmons, a partner at the firm said. Lee will [...]

2017-07-21T05:33:52+00:00 By |Uncategorized|

AJ Lucas balance sheet refinancing secures funding for next phase of UK shale operations

  Three year facilities significantly strengthen balance sheet Material reduction in net debt Financing expected to fully fund next phase of UK operations - two wells to test the flow of gas ATO and legacy legal liabilities fully discharged AJ Lucas Group Limited ("AJ Lucas") (ASX: AJL) is pleased to announce that it has [...]

2017-07-20T03:55:30+00:00 By |Uncategorized|

Galaxy Resources – Corporate debt refinancing

Australia 17 November 2015 Highlights Final stage of balance sheet restructuring now complete Galaxy residual debt profile now termed out to 3 years New secured debt facility for A$31 million Proceeds to repay Galaxy’s outstanding convertible bonds Corporate Update Galaxy Resources Ltd (ASX: GXY) (“Galaxy”) (“the Company”) is pleased to announce that it has [...]

2017-07-20T03:56:08+00:00 By |Uncategorized|

Completion of Star Vegas Transaction

ASX: DNA ASX RELEASE 1 July 2015 Donaco International Limited (the Company) is pleased to confirm that its acquisition of the business of the Star Vegas Resort & Club in Poipet, Cambodia (the Transaction) was successfully completed today, 1 July 2015. The Company now has ownership and control of the Star Vegas business. Working [...]

2017-06-08T12:27:15+00:00 By |Uncategorized|