Legend Upstar Holdings Limited Announces HK$11 Million Mortgage Loan Agreement
Legend Upstar Holdings Limited has announced a mortgage loan agreement for HK$11 million at a 10% interest rate for 12 months. This transaction is classified as discloseable under Listing Rules due to exceeding 5% in applicable percentage ratios. The loan is secured by a first legal charge over a residential property in Tsuen Wan, Hong Kong, valued at approximately HK$20 million. The company's current market cap is HK$142.6 million with an average trading volume of 522,987.
An announcement from Legend Upstar Holdings Limited ( (HK:0459) ) is now available.
Legend Upstar Holdings Limited, through its indirect wholly-owned subsidiary Legend Credit, has entered into a mortgage loan agreement to lend HK$11,000,000 at an interest rate of 10% per annum for a 12-month term. This transaction is classified as a discloseable transaction under the Listing Rules due to the applicable percentage ratios exceeding 5%, necessitating reporting and announcement requirements. The loan is secured by a first legal charge over a residential property in Tsuen Wan, Hong Kong, valued at approximately HK$20,000,000.
More about Legend Upstar Holdings Limited
Average Trading Volume: 522,987
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$142.6M
