Rykadan Capital Ltd. (HK:2288) has released an update.
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Rykadan Capital Ltd. has provided financial assistance to its joint venture Fastest Runner Group, advancing a new non-interest bearing, unsecured loan without a fixed repayment term. This assistance is to support the Fastest Runner Group’s working capital for the development and sale of a property project, with over 58% of units already sold. The cumulative advances have now exceeded the previous disclosure by more than 3%, necessitating this announcement in compliance with the Listing Rules.
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