Huabang Technology’s Subsidiary Grants HK$35 Million Loan

Huabang Technology Holdings Limited (HK:3638) has released an update.

Huabang Technology Holdings Limited, through its subsidiary Hunlicar CCIG, has agreed to provide a HK$35 million loan at a 15% annual interest rate to a borrower for a term of five months. The loan, secured by a second legal charge on a valued property and a share charge, will be funded from the company’s general working capital. This transaction is classified as a disclosable transaction under Hong Kong’s listing rules.

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