EPI (Holdings) Limited has announced that its indirect wholly-owned New Zealand subsidiary, EPI ESG Investment (New Zealand) Limited, has entered into a loan agreement with Sequoia Development Limited. Under the agreement, EPI will provide a loan facility of NZD2,000,000 (approximately HK$8,800,000) to Sequoia Development Limited for a term of twelve months at an interest rate of 8% per annum, with interest payable monthly. The facility is secured by a first mortgage over certain lands and properties, and is guaranteed by Mr. Yiming Chen. The transaction constitutes a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules, as the relevant percentage ratios exceed 5% but are less than 25%.
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