Legend Upstar Holdings Subsidiary Grants HK$22 Million Mortgage Loan at 11% Interest

Reuters

Dec 03

<a href="https://laohu8.com/S/00459">Legend Upstar</a> Holdings Subsidiary Grants HK$22 Million Mortgage Loan at 11% Interest

Legend Upstar Holdings Ltd. announced that its indirect wholly-owned subsidiary, Legend Credit, has entered into a mortgage loan agreement with an independent third-party borrower. Under the agreement, Legend Credit will provide a principal loan amount of HK$22 million at an effective interest rate of 11% per annum for a term of 12 months. The loan is secured by properties mortgaged to Legend Credit, with the completion of the property purchase to occur on the loan drawdown date. The company has disclosed details of the collateral and loan-to-value ratio to help shareholders and potential investors assess the loan's risks and the borrower's repayment ability. The Stock Exchange has granted a waiver allowing the company not to disclose the identity of the borrower.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Legend Upstar Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251203-11942188), on December 03, 2025, and is solely responsible for the information contained therein.

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.

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Under the agreement, Legend Credit will provide a principal loan amount of HK$22 million at an effective interest rate of 11% per annum for a term of 12 months. The loan is secured by properties mortgaged to Legend Credit, with the completion of the property purchase to occur on the loan drawdown date. The company has disclosed details of the collateral and loan-to-value ratio to help shareholders and potential investors assess the loan's risks and the borrower's repayment ability. The Stock Exchange has granted a waiver allowing the company not to disclose the identity of the borrower.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: HKEX-EPS-20251203-11942188), on December 03, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00459","symbol_name":"鋑联控股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251203:nNDL7FGpj2:1","article_id":"2588012270","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588012270","pubTimestamp":1764756155,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Legend Upstar Holdings Ltd. announced that its indirect wholly-owned subsidiary, Legend Credit, has entered into a mortgage loan agreement with an independent third-party borrower. 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The loan is secured by properties mortgaged to Legend Credit, with the completion of the property purchase to occur on the loan drawdown date. The company has disclosed details of the collateral and loan-to-value ratio to help shareholders and potential investors assess the loan's risks and the borrower's repayment ability. The Stock Exchange has granted a waiver allowing the company not to disclose the identity of the borrower.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Legend Upstar Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251203-11942188), on December 03, 2025, and is solely responsible for the information contained therein.","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"}}}