Central Wealth Group Holdings Limited (HK:0139) has released an update.
Central Wealth Group Holdings Limited, through its subsidiary Top Billion, has entered into a significant financial transaction involving a HK$65 million revolving loan facility granted to an independent third-party merchant known as Customer A. This three-year loan, backed by Shanghai property as collateral, is a discloseable transaction under the Listing Rules due to its size, requiring formal reporting. The company will fund the loan from internal resources, and it features an annual interest rate of 7% with options for early repayment.
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