Multifield International Holdings Limited (HK:0898) has released an update.
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Multifield International Holdings Limited has announced a significant financial move by providing a corporate guarantee for a loan of up to RM141,000,000 (approximately HK$249,175,000) to a joint venture for the acquisition and development of land. The guarantee covers 49% of the repayment obligations under the Facilities Agreement, highlighting the company’s strategic involvement in property development. This transaction is categorized as discloseable under the Hong Kong Listing Rules, reflecting its substantial impact on the company’s financial activities.
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