Styland Holdings Limited (HK:0211) has released an update.
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Styland Holdings Limited has entered into a loan agreement on September 16, 2024, providing financial assistance of HK$4.6 million with a one-year term to unspecified borrowers. This transaction, combined with previous loans totaling HK$5 million, is classified as a discloseable transaction under the Hong Kong Listing Rules, necessitating public disclosure due to its size relative to the company’s scale. The loan is secured against a residential property valued at approximately HK$6.8 million.
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