Summary by Moomoo AI
CENTRALWEALTHGP announced on July 5, 2024 that its wholly-owned subsidiary, Yifeng Financial Limited, has signed a financing agreement with Customer A for a loan of HKD 50 million, with a term of three years and an annual interest rate of 7%. The loan is secured by Customer A's Hong Kong property valued at approximately HKD 53 million. CENTRALWEALTHGP stated that this transaction complies with the disclosure requirements of Chapter 14 of the Listing Rules, as the relevant percentage ratios exceed 5% but are below 25%. The company believes that this financing agreement can bring stable interest income to the Group and considers that the terms of the transaction are fair and reasonable to the overall interests of the company and shareholders. Customer A is an independent third party mainly engaged in investment and holding business.