Oi Wah Pawnshop Credit Holdings Ltd. ( (HK:1319) ) has issued an announcement.
Oi Wah Pawnshop Credit Holdings Ltd. announced a discloseable transaction involving a new loan agreement, Loan C, with Customer A for HK$37,000,000. This loan will be partially used to settle an outstanding loan, Loan B, and is secured by a mortgage on a property valued at approximately HK$70,000,000. The transaction is significant due to its size, triggering notification and announcement requirements under Hong Kong’s Listing Rules, indicating its impact on the company’s financial operations and compliance obligations.
More about Oi Wah Pawnshop Credit Holdings Ltd.
Oi Wah Pawnshop Credit Holdings Ltd. operates in the financial services industry, primarily providing secured loan services. The company focuses on offering financial assistance through pawn loans and mortgage loans, catering to clients in need of short-term liquidity solutions.
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €53.62M
See more data about 1319 stock on TipRanks’ Stock Analysis page.