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The latest announcement is out from Neway Group Holdings Limited ( (HK:0055) ).
Neway Group Holdings Limited has announced a discloseable transaction involving a loan agreement through its subsidiary, Grand Prospects Finance International Limited. The loan, amounting to HK$5,000,000 with a 12-month repayment term and an interest rate of 1.5% per month, is part of the company’s strategic financial operations. This transaction, exceeding 5% but less than 25% of the applicable percentage ratios, requires notification and announcement under Hong Kong’s Listing Rules, indicating its significance in the company’s financial dealings.
More about Neway Group Holdings Limited
Neway Group Holdings Limited, incorporated in Bermuda, operates primarily in the financial sector through its wholly-owned subsidiary, Grand Prospects Finance International Limited. The subsidiary is a licensed money lender in Hong Kong, focusing on the money lending business.
YTD Price Performance: -14.67%
Average Trading Volume: 329,600
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$39.78M
Learn more about 0055 stock on TipRanks’ Stock Analysis page.
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