Lifu International is reportedly seeking to refinance a $1 billion loan.

Insiders revealed that Hong Kong shopping mall operator Lai Fook International Group Limited is in talks with banks for an HK$8 billion loan refinancing. The insiders said that the new financing for Lai Fook International's subsidiary, Future Develop, will be used to refinance the five-year loan due in June. The existing loan is secured by the Sogo department store in Causeway Bay, Hong Kong. Lai Fook International has not yet responded to requests for comments.