Huabang Technology Holdings Limited (HK:3638) has released an update.
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Huabang Technology Holdings Limited’s subsidiary Hunlicar CCIG has entered into a loan agreement on August 19, 2024, providing a HK$15 million loan for 33 months at an interest rate of 12% per annum. The transaction is notable as it exceeds 5% of the company’s applicable percentage ratios, classifying it as a disclosable transaction under the Listing Rules. The loan will be financed by the group’s general working capital and involves multiple parties, including a borrower, a chargor, and a guarantor with connections in the financial services industry.
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