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Legend Upstar Holdings Announces HK$10 Million Mortgage Loan Agreement

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Legend Upstar Holdings Announces HK$10 Million Mortgage Loan Agreement

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The latest update is out from Legend Upstar Holdings Limited ( (HK:0459) ).

Legend Upstar Holdings Limited, through its indirect wholly-owned subsidiary Legend Credit, has entered into a mortgage loan agreement to provide a loan of HK$10,000,000 at an effective interest rate of 10.15% per annum for a 12-month term. This transaction is classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement due to the applicable percentage ratios exceeding 5% but being less than 25%. The loan is secured by a first legal charge over a residential property in Tsuen Wan, Hong Kong, valued at approximately HK$19,500,000.

More about Legend Upstar Holdings Limited

Average Trading Volume: 713,040

Technical Sentiment Signal: Buy

Current Market Cap: HK$162.5M

See more data about 0459 stock on TipRanks’ Stock Analysis page.

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