Minshang Creative Technology Holdings Limited (HK:1632) has released an update.
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Minshang Creative Technology Holdings Limited provided a one-off loan of HK$9.5 million to a connected borrower for a one-year term. This transaction is classified as a discloseable and connected transaction under the Listing Rules but does not require independent shareholder approval. The loan agreement stipulates specific drawdown conditions, including the company’s discretion on fund release and mandatory borrower warranties.
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