Get Nice Holdings Limited (HK:0064) has released an update.
Get Nice Holdings Limited, through its subsidiary Get Nice Finance, has provided a loan of HK$150,000,000 at an interest rate of 12% per annum for a term of 12 months. The loan is secured with a first legal charge on residential property and two parking spaces in Repulse Bay, valued at HK$450,000,000, representing a loan-to-value ratio of about 30%. This financial maneuver is categorized as a discloseable transaction, implying a significant move for the company within the regulatory framework.
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