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Oi Wah Pawnshop Credit Holdings Ltd. ( (HK:1319) ) has issued an announcement.
Oi Wah Pawnshop Credit Holdings Ltd., through its subsidiary Oi Wah CL, has entered into a loan agreement to provide a HK$55 million secured loan for 12 months at an annual interest rate of 10%, backed by first legal charges over a portfolio of high-value residential and commercial properties and car parking spaces across several prime Hong Kong districts, as well as a personal guarantee. The transaction meets the criteria of a discloseable transaction under Hong Kong listing rules, underscoring the group’s continued deployment of capital into secured lending and highlighting the importance of property-backed financing as a driver of its lending business and potential revenue growth, while signaling to investors the scale and risk-managed nature of its loan book expansion.
The most recent analyst rating on (HK:1319) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Oi Wah Pawnshop Credit Holdings Ltd. stock, see the HK:1319 Stock Forecast page.
More about Oi Wah Pawnshop Credit Holdings Ltd.
Oi Wah Pawnshop Credit Holdings Ltd. is a Hong Kong-listed financial services company that operates in the money lending and secured financing industry, primarily providing loans backed by collateral such as real estate and other assets to customers in Hong Kong.
Average Trading Volume: 538,698
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$519.6M
Learn more about 1319 stock on TipRanks’ Stock Analysis page.