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Hang Pin Living Technology Company Limited ( (HK:1682) ) has provided an update.
Hang Pin Living Technology Company Limited has, through its wholly owned subsidiary Golden Maximum, entered into a facility agreement to provide an independent third-party borrower with a secured revolving loan facility of up to HK$8 million. The six‑month facility, carrying interest at 5% per annum and secured against 28 commercial property units in Xianyou county, Fujian province with an estimated aggregate value of about RMB32.29 million, constitutes a discloseable transaction under Hong Kong listing rules, triggering reporting and announcement obligations but not shareholder approval. The move reflects the company’s continued deployment of surplus funds into secured lending, potentially enhancing interest income while keeping credit risk mitigated through substantial property collateral.
The most recent analyst rating on (HK:1682) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Hang Pin Living Technology Company Limited stock, see the HK:1682 Stock Forecast page.
More about Hang Pin Living Technology Company Limited
Hang Pin Living Technology Company Limited is a Bermuda-incorporated company listed in Hong Kong, operating through subsidiaries including Golden Maximum. The group engages in lending and financial arrangements alongside its core business, using its capital base to provide secured loan facilities to independent third parties in the Greater China region.
Average Trading Volume: 93,384
Technical Sentiment Signal: Sell
Current Market Cap: HK$137.5M
Learn more about 1682 stock on TipRanks’ Stock Analysis page.