New Century Group Hong Kong Limited (HK:0234) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
New Century Group’s subsidiary, ETC Finance, has extended a mortgage loan of HK$30,200,000 to unspecified customers for a 12-month term, with the loan secured against four properties. This transaction is classified as a discloseable event under the Listing Rules due to its size, requiring the company to adhere to specific reporting and announcement obligations. The new loan will also settle previous outstanding loans totaling HK$17,454,744.
For further insights into HK:0234 stock, check out TipRanks’ Stock Analysis page.