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NEWAY GROUP (00055.HK) has granted a loan of 5 million HKD.
On April 14th, Gelonghui reported that NEWAY GROUP (00055.HK) announced that on April 14, 2025, the lender (a wholly-owned subsidiary of the company) entered into a loan agreement with the borrower, mortgagor, and guarantor. According to the loan agreement, the lender agrees to grant a loan of 5 million Hong Kong dollars to the borrower, with a repayment period of 12 months and an interest rate of 1.5% per month (equivalent to an annual interest rate of 18%).
Express News | Neway Group - Unit to Grant Loan in Principal Amount of HK$5 Mln
Express News | Neway Group Holdings FY Revenue HKD 480.5 Million
NEWAY GROUP: FINAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
Neway Group Expects Loss in 2024
NEWAY GROUP (00055.HK) issues a profit warning: expects a loss of 70 million to 85 million Hong Kong dollars in 2024.
On March 11, Gelonghui reported that NEWAY GROUP (00055.HK) expects to record a loss of approximately HKD 70 million to HKD 85 million for the fiscal year 2024, while the fiscal year 2023 recorded a loss of approximately HKD 82.1 million. The loss is mainly attributed to: (i) a loss on the fair value of held-for-trading investments of approximately HKD 5.2 million for the fiscal year 2024 (fiscal year 2023: fair value loss of approximately HKD 1.6 million); (ii) a loss on the fair value of investment properties of approximately HKD 22.2 million for the fiscal year 2024 (fiscal year 2023: fair value loss of approximately
