New Century Group Hong Kong Limited (HK:0234) has released an update.
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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.
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