Oriental Enterprise Holdings Limited (HK:0018) has released an update.
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Oriental Enterprise Holdings Limited has announced the extension of a HK$150 million secured loan’s repayment date from August 10, 2024, to August 10, 2025, at the borrower’s request. The loan extension is considered a discloseable transaction as it meets certain reporting thresholds under the Listing Rules. The loan, which was initially financed by the company’s internal resources, carries an interest rate of 12% per annum and is secured against a property in Repulse Bay valued at HK$215 million.
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