NEWAY GROUP Subsidiary Provides New HK$8 Million Loan Facility
Stock News
Mar 12
NEWAY GROUP (00055) announced that on March 12, 2026, the lender, a wholly-owned subsidiary of the company, entered into a new loan agreement with the borrower, Fran Vick And Company Limited, along with a mortgagor and a guarantor. Under the new loan agreement, the lender has agreed to provide a new loan with a principal amount of HK$8 million to the borrower, with a repayment term of 12 months. Prior to the execution of the new loan agreement, the lender had entered into a previous loan agreement to extend a prior loan of HK$5 million to the same borrower. A portion of the proceeds from the new loan will be used to fully settle the outstanding principal balance of the previous loan.
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