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Li Bao Ge Group Ltd. ( (HK:1869) ) has provided an announcement.
Kafelaku Coffee Holding Limited, through its wholly-owned subsidiary Jiangsu Kafelaku, entered into a loan agreement with Guangzhou Kafelaku for RMB12.85 million. This transaction, discovered during the annual audit, involves a connected person due to the significant ownership by Mr. Liang, an executive director and controlling shareholder. The loan’s percentage ratio necessitated disclosure under Hong Kong’s Listing Rules, but compliance was delayed due to an oversight. The company has requested repayment, and the loan is expected to be settled soon.
More about Li Bao Ge Group Ltd.
Average Trading Volume: 394,204
Technical Sentiment Signal: Buy
Current Market Cap: HK$183.3M
For an in-depth examination of 1869 stock, go to TipRanks’ Stock Analysis page.