Legend Upstar (HKG:0459) said it renewed a loan agreement and joined Oi Wah Credit in lending HK$53 million to a Hong Kong-based borrower, according to a Hong Kong bourse filing Tuesday.

Shares of the property agency business gained nearly 1% in late morning trade Wednesday.

The firm will lend HK$32 million to the borrower for a period of 12 months, with the remaining HK$21 million coming from Oi Wah Credit, a subsidiary of Oi Wah Pawnshop Credit (HKG:1319).

Interest will accrue at 13% per annum, the firm said.