Plot
Hong Kong Land tendered the Government for the plot for $4.76 billion in February 1982, when the market was at a record high. Prices subsequently dropped, necessitating its debt to be restructured. In February 1983, HKL obtained an eight-year loan of $4 billion, a record. In December 1983, it announced that the plot was to be mortgaged to secure a $2.5 billion loan facility. The second instalment of $2 billion on the plot was due in the financial year 1984/85
Read more about this topic: Exchange Square (Hong Kong)
Famous quotes containing the word plot:
“Persons attempting to find a motive in this narrative will be prosecuted; persons attempting to find a moral in it will be banished; persons attempting to find a plot in it will be shot.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“The westward march has stopped, upon the final plains of the Pacific; and now the plot thickens ... with the change, the pause, the settlement, our people draw into closer groups, stand face to face, to know each other and be known.”
—Woodrow Wilson (1856–1924)
“Ends in themselves, my letters plot no change;
They carry nothing dutiable; they won’t
Aspire, astound, establish or estrange.”
—Philip Larkin (1922–1986)