[ET Net News Agency, 13 August 2019] Oi Wah Pawnshop Credit Holdings Limited (01319)
said its subsidiary Oi Wah PL has agreed to grant a loan to a customer for a term of 12
months.
The principal is HK$26 million. The interest rate is P + 6.75% per annum where P
represented the prime rate of 5.375% per annum of CMB Wing Lung Bank Limited as of the
date of the loan agreement.
The security is a legal charge/mortgage in respect of a commercial property located in
Tsim Sha Tsui with valuation conducted by an independent property valuer on 2 August 2019
with an amount of approximately HK$90 million. (RC)