Legend Upstar Subsidiary Grants Major Loan

Legend Upstar Holdings Limited (HK:0459) has released an update.

Legend Credit, a subsidiary of Legend Upstar Holdings Limited, has provided a HK$20,000,000 mortgage loan at an 11% annual interest rate, to be repaid over 12 months. This transaction is significant enough to be considered discloseable under the Listing Rules, as it exceeds the 5% threshold but remains under 25%. The loan, secured by a property valued at approximately HK$45,000,000, features a structured repayment plan and potential early repayment fees.

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