Hong Kong chief executive candidate John Tsang had secret supporter who lent him HK$3m
Loan offered to former financial secretary through offshore company a day before he announced his election bid
The person offered the loan to the former financial secretary through offshore company Prescill Holdings a day before Tsang announced his election bid in January, records released by the Registration and Electoral Office on Thursday revealed.
Tsang’s office declined to disclose the identity of the lender.
“We needed the bridging loan to pay the rent in Hopewell Centre in the beginning,” Tsang’s aide Julian Law Wing-chung said on Thursday. “The person chose to lend it through a BVI company. The market rate was charged for interests.”
Tsang repaid the sum together with an interest of HK$10,600, charged from a 3 per cent per annum rate, to the company in early March.
