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Oi Wah Pawnshop Credit Holdings Ltd. ( (HK:1319) ) has provided an update.
Oi Wah Pawnshop Credit Holdings Ltd. has announced a discloseable transaction involving the provision of a HK$10,000,000 loan to a customer, secured by a property in Yuen Long. The transaction, which includes a 13% annual interest rate and a 12-month term, is subject to the Hong Kong Stock Exchange’s notification and announcement requirements due to its aggregated percentage ratios exceeding 5% but remaining below 25%. This move reflects the company’s ongoing strategy to expand its financial assistance offerings while adhering to regulatory requirements.
More about Oi Wah Pawnshop Credit Holdings Ltd.
Oi Wah Pawnshop Credit Holdings Ltd. operates in the financial services industry, primarily offering pawn loans and mortgage loans. The company focuses on providing short-term secured financing solutions to individuals and businesses in Hong Kong.
YTD Price Performance: -8.60%
Average Trading Volume: 491,849
Technical Sentiment Signal: Sell
Current Market Cap: HK$390.6M
For detailed information about 1319 stock, go to TipRanks’ Stock Analysis page.