Sau San Tong Holdings Limited announced that its wholly-owned subsidiary, Sun Fung Capital Limited, has entered into a loan agreement with Smart City Development Holdings Limited. Under the agreement, Sun Fung Capital Limited will provide a loan of HK$9,000,000 to Smart City Development Holdings Limited for a term of 48 months. The transaction is classified as a discloseable transaction under Chapter 19 of the GEM Listing Rules, as the relevant percentage ratios exceed 5% but are less than 25%. The loan is secured against an industrial property in Chai Wan, Hong Kong, valued at approximately HK$13,000,000.
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