Legend Upstar's Subsidiary Grants HK$32 Million Loan

MT Newswires Live

01/08

Legend Upstar's (HKG:0459) subsidiary Legend Credit agreed to lend HK$32 million to a certain independent third party with an annual interest rate of 10.3% and a repayment term of 12 months, a Wednesday Hong Kong bourse filing said.

The borrower has put up a first legal charge over one residential property and two car parking spaces located in Wan Chai, Hong Kong as the mortgage for the loan.

The property agency services provider's shares closed nearly 3% lower on Wednesday.

Price (HKD): $0.08, Change: $-0.0020, Percent Change: -2.60%

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