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EPI (Holdings) Limited ( (HK:0689) ) has provided an update.
EPI (Holdings) Limited has arranged for its indirect wholly owned subsidiary, EPI ESG Investment (New Zealand) Limited, to extend a secured loan facility of NZD3 million, about HK$13.5 million, to Novalume Limited in New Zealand. The eight month loan, bearing 6% annual interest and payable monthly, will be funded from internal resources and secured by a first mortgage over land and properties at 5 Somerset Street, Frankton, Hamilton, with an additional personal guarantee from Ms. Jing Yan.
The transaction meets the thresholds of a discloseable transaction under Hong Kong listing rules, triggering announcement and notification requirements but not shareholder approval. The deal underscores EPI’s strategy of monetising surplus cash through short term, collateralised lending, potentially enhancing yield while remaining within regulatory parameters, and offers insight into the group’s growing use of overseas subsidiaries for structured financing deals.
The most recent analyst rating on (HK:0689) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on EPI (Holdings) Limited stock, see the HK:0689 Stock Forecast page.
More about EPI (Holdings) Limited
EPI (Holdings) Limited, incorporated in Bermuda and listed in Hong Kong, operates through subsidiaries that engage in investment activities, including the provision of loan facilities. Its New Zealand unit, EPI ESG Investment (New Zealand) Limited, focuses on deploying group capital into secured lending opportunities backed by real estate assets.
Average Trading Volume: 4,675,189
Technical Sentiment Signal: Buy
Current Market Cap: HK$447.7M
Learn more about 0689 stock on TipRanks’ Stock Analysis page.