Shun Tak Holdings (HK:0242) has released an update.
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Shun Tak Holdings has committed to providing an additional HK$108 million in shareholder loans to support the working capital of its joint venture in Nova City, Macao. This move aims to bolster the joint venture’s cash flow amidst a slower than expected economic recovery and rising financing costs. The unsecured, interest-free loans reflect Shun Tak’s strategic efforts to maintain its investment in the large-scale lifestyle shopping centre.
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