The MCE Group's Hong Kong Peak Residence project has extended its $10 billion Hong Kong dollar loan for three years, according to sources familiar with the matter: it is part of the overseas debt restructuring.

On September 12, according to sources, Shimao Group's luxury apartment project Beacon Peak in Braemar Hill, Kowloon, Hong Kong, successfully extended its 10 billion Hong Kong dollar loan that was due at the end of September for three years. The source stated that this is part of the company's overseas debt restructuring and is crucial.