EPI (Holdings) Limited Subsidiary Grants NZD2 Million Loan to Sequoia Development

Reuters
Nov 20, 2025
EPI (Holdings) Limited Subsidiary Grants NZD2 Million Loan to Sequoia Development

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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