Kontafarma Finances Taiwan Fitness Expansion

Kontafarma China Holdings Ltd (HK:1312) has released an update.

Kontafarma China Holdings Ltd has provided an $850,000 loan to True Concept to bolster the latter’s fitness business operations in Taiwan. The five-year loan carries an annual interest rate of 10%, with the option for immediate repayment demands by Kontafarma. This transaction is significant enough to require reporting due to its size relative to the company’s ongoing financial dealings.

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