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, Ms. SU Sheng. Under the agreement, Legend Credit will provide a loan of HK$16 million at an effective interest rate of 10% per annum, with a 12-month repayment term. The loan is secured by properties purchased by the borrower, with completion of the property purchase set to coincide with the loan drawdown date. The transaction qualifies as a discloseable transaction under Chapter 14 of the Hong Kong Stock Exchange Listing Rules and is subject to relevant reporting and announcement requirements.
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