Claim: Lai Sun Development is a property developer in Hong Kong (which has a land mass of 1,111 km or 429 sq mi) had geared itself up heavily in order to finance the acquisition at the top of the market, and had taken on $5 billion in bank loans and issued bonds just a little less than $1 billion.
Evidence: It had taken took on $5 billion in bank loans and issued bonds worth more than $2 billion.