New Century Group Hong Kong Limited (HK:0234) has released an update.
New Century Group Hong Kong Limited’s subsidiary ETC Finance has provided a HK$12,700,000 mortgage loan to an independent third-party customer for a 12-month term. This transaction is noteworthy as it falls into the ‘discloseable transaction’ category under the Hong Kong Listing Rules, due to one of the percentage ratios exceeding 5%. The loan, secured by a residential property, is deemed a low-risk engagement by the company, funded through its general working capital.
For further insights into HK:0234 stock, check out TipRanks’ Stock Analysis page.
