MTR (HKG:0066) intends to devise "innovative" ways to obtain at least HK$165 billion in financing to develop projects, particularly in the Northern Metropolis, The Standard reported Friday.
With the amount, similar to its market capitalization, some believe MTR could either stop constructing new lines or face serious concerns with its cash flow, the report said, citing sources.
MTR could also mortgage its malls while retaining control of them or even issue 30-year bonds or utilize other means to obtain financing, the report said.
The rail company also aims to earmark more than HK$100 billion in the next 10 years to invest in the future of Hong Kong, the sources said.
Shares slid 2% during Monday's afternoon trading.
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