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Legend Upstar Holdings Limited ( (HK:0459) ) has issued an update.
Legend Upstar Holdings Limited, through its indirect wholly-owned subsidiary Legend Credit, has entered into a mortgage loan agreement, providing a loan of HK$25,000,000 at an interest rate of 10.5% per annum with a 12-month repayment term. The transaction, considered discloseable due to its size relative to the company’s assets, involves securing the loan with legal charges and mortgages on various properties in Hong Kong valued at approximately HK$55,200,000, indicating a strategic financial maneuver aimed at leveraging property assets.
More about Legend Upstar Holdings Limited
YTD Price Performance: -12.50%
Average Trading Volume: 419,445
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$126.4M
Learn more about 0459 stock on TipRanks’ Stock Analysis page.