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An announcement from EPI (Holdings) Limited ( (HK:0689) ) is now available.
EPI ESG Investment (New Zealand) Limited, an indirect wholly owned subsidiary of EPI (Holdings) Limited, has agreed to extend a NZD3.1 million loan facility, roughly HK$14.26 million, to 279 Park Development Limited for six months at an annual interest rate of 6%. The loan is secured by a first mortgage over land and properties in Hingaia, Auckland, and is further backed by a personal guarantee from Mr. Dingliang Cai, with interest payable monthly over the term.
The transaction qualifies as a discloseable transaction under Hong Kong listing rules, as one or more applicable percentage ratios exceed 5% but remain below 25%, triggering notification and announcement requirements. Funded entirely by internal resources, the facility underscores EPI’s strategy of deploying capital into secured, short term lending backed by overseas property collateral, potentially enhancing its earnings while managing risk through mortgage security and a guarantee structure.
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, which engages in lending and investment activities. The group deploys internal resources to provide secured loan facilities, reflecting a focus on financing opportunities backed by real estate assets in overseas markets such as New Zealand.
Average Trading Volume: 13,501,603
Technical Sentiment Signal: Buy
Current Market Cap: HK$483M
For a thorough assessment of 0689 stock, go to TipRanks’ Stock Analysis page.