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Legend Upstar Holdings Limited ( (HK:0459) ) has issued an announcement.
Legend Credit, a subsidiary of Legend Upstar Holdings Limited, has renewed a mortgage loan arrangement, co-lending a total of HK$53 million to an existing borrower for a 12‑month term at an effective annual interest rate of 13%. The loan is secured by a first legal charge and rental assignment over one commercial and residential building, one commercial property and one residential property in Yau Ma Tei, Hong Kong, with an aggregate valuation of about HK$90 million, and upon drawdown the proceeds will be used to fully repay the outstanding principal of the previous loan. As the transaction size exceeds the 5% threshold but remains below 25% under Hong Kong listing rules, the deal is classified as a discloseable transaction, triggering reporting and announcement requirements and underscoring the company’s continued deployment of capital into secured, property‑backed lending within regulatory parameters.
The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.13 price target. To see the full list of analyst forecasts on Legend Upstar Holdings Limited stock, see the HK:0459 Stock Forecast page.
More about Legend Upstar Holdings Limited
Legend Upstar Holdings Limited, through its lending arm Legend Credit, operates in the financial services sector with a focus on mortgage and property-backed lending in Hong Kong. The group engages in providing secured loans backed by commercial and residential real estate, serving borrowers who leverage property assets in urban districts such as Yau Ma Tei.
Average Trading Volume: 1,701,363
Technical Sentiment Signal: Hold
Current Market Cap: HK$216.6M
Learn more about 0459 stock on TipRanks’ Stock Analysis page.