Pinestone Capital Ltd (HK:0804) has released an update.
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Pinestone Capital Ltd has announced a discloseable transaction involving a loan agreement with Capital Realm Financial Holdings Group, granting them HK$17.8 million at an annual interest rate of 24% for a one-year term. This move is significant as the loan’s percentage ratio exceeds 5% under Hong Kong’s Listing Rules, marking it as a notable financial assistance provision by the company.
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