Superactive Group Receivers Appointed for HK$239 Million Loan Default

MT Newswires Live

05-07

Superactive Group Co. (HKG:0176) has received notices on April 28 regarding the appointment of Fok Hei Yu and Chow Wai Shing Daniel as joint receivers for assets secured under loans from Hang Seng Bank.

The receivership covers properties held by subsidiaries Best Success Investment Ltd. and Force China Ltd., including units in Shun Tak Centre West Tower, according to its bourse filing on Tuesday.

The property management company attempted to negotiate with Hang Seng Bank to halt the receivership but was unsuccessful as of May 6.

The outstanding principal and interest on the Term Loans amount to approximately HK$217.4 million and HK$21.8 million, respectively.

Superactive Group is evaluating the legal, financial, and operational consequences of the receivership.

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(HKG:0176) has received notices on April 28 regarding the appointment of Fok Hei Yu and Chow Wai Shing Daniel as joint receivers for assets secured under loans from Hang Seng Bank.</p><p>The receivership covers properties held by subsidiaries Best Success Investment Ltd. and Force China Ltd., including units in Shun Tak Centre West Tower, according to its bourse filing on Tuesday.</p><p>The property management company attempted to negotiate with Hang Seng Bank to halt the receivership but was unsuccessful as of May 6.</p><p>The outstanding principal and interest on the Term Loans amount to approximately HK$217.4 million and HK$21.8 million, respectively.</p><p>Superactive Group is evaluating the legal, financial, and operational consequences of the receivership.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00176","symbol_name":"先機企業集團","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2533692152","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533692152","pubTimestamp":1746576084,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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(HKG:0176) has received notices on April 28 regarding the appointment of Fok Hei Yu and Chow Wai Shing Daniel as joint receivers for assets secured under loans from Hang Seng Bank.The receivership covers properties held by subsidiaries Best Success Investment Ltd. and Force China Ltd., including units in Shun Tak Centre West Tower, according to its bourse filing on Tuesday.The property management company attempted to negotiate with Hang Seng Bank to halt the receivership but was unsuccessful as of May 6.The outstanding principal and interest on the Term Loans amount to approximately HK$217.4 million and HK$21.8 million, respectively.Superactive Group is evaluating the legal, financial, and operational consequences of the receivership.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}