Legend Upstar's Subsidiary Grants HK$25 Million Mortgage Loan

MT Newswires Live

02-13

Legend Upstar (HKG:0459) subsidiary Legend Credit agreed to provide a mortgage loan of HK$25 million to Hui George and Smart Place for a 12-month term, a Thursday Hong Kong bourse filing said.

The loan has a 10.5% per annum effective interest rate, the filing said.

The borrowers pledged a first legal charge over certain properties in Hong Kong as the mortgage for the loan.

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