Million Cities Unit to Loan 39 Million Yuan to Huizhou Shengtaichang

MT Newswires Live

Dec 24, 2024

Million Cities (HKG:2892) subsidiary Huizhou Jiahong Information Consulting has agreed to provide a 39 million yuan loan to Huizhou Shengtaichang Information Consulting for a 12-month term, according to a Tuesday filing with the Hong Kong bourse.

The loan carries an annual interest rate of 3.5%, payable quarterly, and is set to mature on December 24, 2025.

Under the terms, if Huizhou Shengtaichang does not use the loan for its intended purpose, which is for general working capital, Huizhou Jiahong may demand early repayment.

Additionally, in the event of a default, Huizhou Jiahong may impose a penalty fee of 0.03% from the repayment due date.

Before the loan agreement, Huizhou Shengtaichang acquired carparks valued at 39 million yuan from Huizhou Million Cities Real Estate Development, another subsidiary of the company. The titles for these carparks have not yet been transferred to the borrower, the filing said.

Under the loan agreement, the transfer of the titles will be suspended until the loan obligations are fulfilled. If the borrower fails to meet these obligations, the lender may instruct Huizhou Million Cities to sell the carparks.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2493707818"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2493707818\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2493707818?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-24 19:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2493707818","market":"sh","top_or_hot":-1,"title":"Million Cities Unit to Loan 39 Million Yuan to Huizhou Shengtaichang","media":"MT Newswires Live","content":"<html><body><p> Million Cities (HKG:2892) subsidiary Huizhou Jiahong Information Consulting has agreed to provide a 39 million yuan loan to Huizhou Shengtaichang Information Consulting for a 12-month term, according to a Tuesday filing with the Hong Kong bourse.</p><p>The loan carries an annual interest rate of 3.5%, payable quarterly, and is set to mature on December 24, 2025.</p><p>Under the terms, if Huizhou Shengtaichang does not use the loan for its intended purpose, which is for general working capital, Huizhou Jiahong may demand early repayment.</p><p>Additionally, in the event of a default, Huizhou Jiahong may impose a penalty fee of 0.03% from the repayment due date.</p><p>Before the loan agreement, Huizhou Shengtaichang acquired carparks valued at 39 million yuan from Huizhou Million Cities Real Estate Development, another subsidiary of the company. The titles for these carparks have not yet been transferred to the borrower, the filing said.</p><p>Under the loan agreement, the transfer of the titles will be suspended until the loan obligations are fulfilled. If the borrower fails to meet these obligations, the lender may instruct Huizhou Million Cities to sell the carparks.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Million Cities Unit to Loan 39 Million Yuan to Huizhou Shengtaichang</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMillion Cities Unit to Loan 39 Million Yuan to Huizhou Shengtaichang\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-12-24 19:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Million Cities (HKG:2892) subsidiary Huizhou Jiahong Information Consulting has agreed to provide a 39 million yuan loan to Huizhou Shengtaichang Information Consulting for a 12-month term, according to a Tuesday filing with the Hong Kong bourse.</p><p>The loan carries an annual interest rate of 3.5%, payable quarterly, and is set to mature on December 24, 2025.</p><p>Under the terms, if Huizhou Shengtaichang does not use the loan for its intended purpose, which is for general working capital, Huizhou Jiahong may demand early repayment.</p><p>Additionally, in the event of a default, Huizhou Jiahong may impose a penalty fee of 0.03% from the repayment due date.</p><p>Before the loan agreement, Huizhou Shengtaichang acquired carparks valued at 39 million yuan from Huizhou Million Cities Real Estate Development, another subsidiary of the company. The titles for these carparks have not yet been transferred to the borrower, the filing said.</p><p>Under the loan agreement, the transfer of the titles will be suspended until the loan obligations are fulfilled. If the borrower fails to meet these obligations, the lender may instruct Huizhou Million Cities to sell the carparks.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02892","symbol_name":"万城控股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2493707818","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493707818","pubTimestamp":1735040009,"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. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Million Cities (HKG:2892) subsidiary Huizhou Jiahong Information Consulting has agreed to provide a 39 million yuan loan to Huizhou Shengtaichang Information Consulting for a 12-month term, according ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02892":"万城控股","BK1240":"房地产开发"},"translate_title":"百万城市单位向惠州盛泰昌贷款3900万元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02892":0.9},"content_text":"Million Cities (HKG:2892) subsidiary Huizhou Jiahong Information Consulting has agreed to provide a 39 million yuan loan to Huizhou Shengtaichang Information Consulting for a 12-month term, according to a Tuesday filing with the Hong Kong bourse.The loan carries an annual interest rate of 3.5%, payable quarterly, and is set to mature on December 24, 2025.Under the terms, if Huizhou Shengtaichang does not use the loan for its intended purpose, which is for general working capital, Huizhou Jiahong may demand early repayment.Additionally, in the event of a default, Huizhou Jiahong may impose a penalty fee of 0.03% from the repayment due date.Before the loan agreement, Huizhou Shengtaichang acquired carparks valued at 39 million yuan from Huizhou Million Cities Real Estate Development, another subsidiary of the company. The titles for these carparks have not yet been transferred to the borrower, the filing said.Under the loan agreement, the transfer of the titles will be suspended until the loan obligations are fulfilled. If the borrower fails to meet these obligations, the lender may instruct Huizhou Million Cities to sell the carparks.","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":0,"need_auth":false,"code":"91000000","status":"200"}}}