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An announcement from Legend Upstar Holdings Limited ( (HK:0459) ) is now available.
Legend Upstar Holdings’ unit Legend Credit has extended a HK$42 million mortgage loan to an individual borrower under a one-year agreement carrying an effective annual interest rate of 10%, with monthly interest payments and principal due at maturity in January 2027. The loan is secured by a first legal charge over a Wan Chai residential property and two car parking spaces valued at about HK$86 million, and its size triggers discloseable transaction requirements under Hong Kong listing rules, underscoring the growing scale of the company’s secured lending activities and its ongoing deployment of capital into higher-yield, property-backed credit exposures.
The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.12 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 indirect wholly owned subsidiary Legend Credit, operates in the lending and credit services sector, providing secured mortgage loans in Hong Kong. The group focuses on collateralised financing, including loans backed by residential properties and parking spaces, highlighting a niche in property-backed credit within the local financial services market.
Average Trading Volume: 1,575,037
Technical Sentiment Signal: Buy
Current Market Cap: HK$216.6M
For an in-depth examination of 0459 stock, go to TipRanks’ Overview page.