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Legend Upstar’s Subsidiary Engages in HK$32 Million Mortgage Loan Transaction

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Legend Upstar’s Subsidiary Engages in HK$32 Million Mortgage Loan Transaction

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Legend Upstar Holdings Limited ( (HK:0459) ) has shared an announcement.

Legend Upstar Holdings Limited, through its subsidiary Legend Credit, operates in the financial services sector providing mortgage lending solutions. The company focuses on offering credit facilities to borrowers, secured against real estate properties. In a recent development, Legend Credit has entered into a mortgage loan agreement to provide a HK$32,000,000 loan at an interest rate of 10.3% per annum, secured against a residential property and parking spaces valued at HK$93,000,000 in Wan Chai, Hong Kong. This transaction is classified as a discloseable transaction under the listing rules, indicating significant financial activity by the company.

More about Legend Upstar Holdings Limited

YTD Price Performance: -3.75%

Average Trading Volume: 386,132

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$135.4M

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