tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Legend Upstar Holdings Announces HK$7 Million Mortgage Loan Agreement

Story Highlights
Legend Upstar Holdings Announces HK$7 Million Mortgage Loan Agreement

Elevate Your Investing Strategy:

An announcement from Legend Upstar Holdings Limited ( (HK:0459) ) is now available.

Legend Upstar Holdings Limited, through its subsidiary Legend Credit, has entered into a mortgage loan agreement, providing a loan of HK$7,000,000 at an interest rate of 10.5% per annum for a 12-month term. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, as it exceeds the 5% threshold for applicable percentage ratios, necessitating reporting and announcement requirements. The loan is secured by a first legal charge over a residential property in Ho Man Tin, Hong Kong, valued at approximately HK$16,000,000.

More about Legend Upstar Holdings Limited

YTD Price Performance: -6.25%

Average Trading Volume: 274,819

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$139M

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1