TOKYO, Mar 24 (Pulse News Wire) – Miyakoshi Holdings,inc. (6620.T) announced today that its subsidiary, Shenzhen Huangguan Electronics Co., Ltd., has initiated formal discussions with major Chinese financial institutions to secure financing for the World Innovation Center (WIC) project.
The feasibility study conducted by a leading real estate consulting firm suggests that the project remains viable despite potential cost overruns and rental rate declines. According to preliminary estimates based on the exchange rate of March 23, 2026, the post-completion property valuation is expected to be approximately ¥338.2 billion. The project's asset value and market appeal have received high evaluations. The syndicated loan is being led by China Bank as the sole lead arranger or jointly by China Bank and Communications Bank. Other participating banks include Industrial Bank and Ping An Bank.
The total investment for the WIC project is estimated at ¥110.0 billion yuan domestically and internationally (approximately ¥5 billion). The upcoming negotiations aim to cover a significant portion of this funding requirement. Background discussions indicate strong interest from the banking consortium, reflecting optimism about the project’s growth potential and social significance. Miyakoshi Holdings plans to construct an optimal financing structure through these talks. While there will be no impact on the consolidated performance for the fiscal year ending March 2026, detailed conditions such as loan terms and execution timelines will be disclosed promptly upon finalization.
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