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EPI (Holdings) Limited ( (HK:0689) ) just unveiled an announcement.
EPI (Holdings) Limited has disclosed that its indirect wholly owned New Zealand unit, EPI ESG Investment (New Zealand) Limited, has agreed to extend a NZD2.97 million loan facility, equivalent to about HK$13.66 million, to independent third party Omen Limited. The financing, backed by a first mortgage over properties in Albany, Auckland and guaranteed by Jiaping Yan, carries a 6% annual interest rate over a seven month term with monthly interest payments.
The loan will be funded entirely from the group’s internal resources and qualifies as a discloseable transaction under Hong Kong Listing Rules, as certain percentage ratios exceed 5% but remain below 25%. The move underscores the company’s ongoing use of secured short term lending as a capital deployment strategy, potentially enhancing interest income while maintaining a collateralised risk profile for shareholders and other stakeholders.
More about EPI (Holdings) Limited
EPI (Holdings) Limited, incorporated in Bermuda and listed in Hong Kong, operates through subsidiaries including EPI ESG Investment (New Zealand) Limited. The group engages in investment and financing activities, with a focus on deploying internal resources into secured lending and related financial transactions in overseas markets such as New Zealand.
Average Trading Volume: 9,610,704
Technical Sentiment Signal: Buy
Current Market Cap: HK$366M
For detailed information about 0689 stock, go to TipRanks’ Stock Analysis page.