[ET Net News Agency, 19 June 2019] New Century Group Hong Kong Limited (00234) said its
subsidiary Able Sincere Limited has agreed to acquire 60% of the total issued share
capital of ETC Finance Limited (the target) at an initial consideration of HK$457.64
million.
The target is a licensed money lender in Hong Kong. It focuses on the provision of
mortgage loans which are secured by first mortgages on real estates located in Hong Kong,
including residential, commercial, industrial properties and car parking spaces. It also
provides personal loans which are unsecured. (RC)