Legend Upstar Subsidiary Issues Major Loan

Legend Upstar Holdings Limited (HK:0459) has released an update.

Legend Credit, a subsidiary of Legend Upstar Holdings Limited, has provided a mortgage loan of HK$25,000,000 at a 10.5% annual interest rate, set to be repaid over 12 months. This transaction is significant enough to require reporting under Chapter 14 of the Listing Rules, as it exceeds the 5% threshold but remains under 25%. The loan, secured by a residential property in Ho Man Tin, offers the borrower an early repayment option subject to an additional fee.

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