Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
EPI (Holdings) Limited ( (HK:0689) ) has issued an announcement.
EPI (Holdings) Limited has announced that its indirect wholly owned New Zealand subsidiary, EPI ESG Investment (New Zealand) Limited, has entered into a loan agreement with individual borrower and mortgagor Qi Zhao. The agreement provides a NZD1.35 million loan facility, approximately HK$6.21 million, for a nine‑month term at an annual interest rate of 8 percent, secured by a first mortgage over land and properties in Sunnyvale, Auckland.
The transaction will be funded by the group’s internal resources and qualifies as a discloseable transaction under Hong Kong listing rules, as the relevant percentage ratios exceed 5 percent but remain below 25 percent. The deal underscores the company’s continued use of structured, asset‑backed lending in New Zealand, potentially enhancing interest income while remaining within regulatory thresholds that only require market notification and announcement rather than shareholder approval.
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 activities and financing transactions, using internal resources to provide secured loans and pursue ESG‑related opportunities in overseas markets such as New Zealand.
Average Trading Volume: 10,886,982
Technical Sentiment Signal: Buy
Current Market Cap: HK$375.3M
Find detailed analytics on 0689 stock on TipRanks’ Stock Analysis page.