INFORMATION OF THE BORROWER. The Borrower is a merchant. To the best knowledge, information and belief of the Directors after having made all reasonable enquiries, the Borrower is an Independent Third Party.
INFORMATION OF THE BORROWER. The Borrower is a company incorporated in Hong Kong with limited liability, principally engaged in the import declaration of wafers and masks in Korea, and is responsible for sales of such products.
INFORMATION OF THE BORROWER. The Borrower is a company incorporated in Hong Kong with limited liability and is engaged in the provision of internet infrastructure solutions, offering a range of services including consultancy, planning, design, operations, maintenance services, project investment collaboration, outsourced design and construction services, and business collaborative operations to carriers and internet companies.
INFORMATION OF THE BORROWER. The Borrower is a company incorporated in British Virgin Islands with limited liability and is engaged in the business of investment holdings. To the best of the Directors’ knowledge, information and belief of Director having made all reasonable enquiries, the Borrower is an Independent Third Party and not connected with the Group.
INFORMATION OF THE BORROWER. The Borrower is a company incorporated in Bermuda with limited liability and its principal activities are securities trading and investments. To the best of the Directors’ knowledge, information and belief of Directors having made all reasonable enquiries, the Borrower and its ultimate beneficial owner are Independent Third Party and not connected with the Group. The Borrower is an indirect wholly owned subsidiary of Oshidori.
INFORMATION OF THE BORROWER. Two Customers are individuals. Two Customers are repeat customers of the Group and their outstanding loan amount due to the Lender, prior to the grant of the New Loan, was HK$4,400,000. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, Two Customers are Independent Third Parties and not connected with the Group. The Loan Amount is secured and carry an interest rate of 17% per annum and 18% per annum respectively which was determined with reference to the factors including, among others, (i) the usual practice of the Group comparing to the Group’s other clients; and (ii) the rules under section 24 of the Money Lending Ordinance (Cap. 163 of the laws of Hong Kong). REASONS FOR AND BENEFITS OF ENTERING INTO THE NEW LOAN AGREEMENT The Group is principally engaged in money lending business, investment holding, and trading and distribution of motor vehicles in Hong Kong. The Directors are of the view that the entering into of the New Loan Agreement is in the Group’s ordinary and usual course of business; and on normal commercial terms within the meaning of the Listing Rules. The Directors consider that the terms of the New Loan Agreement are fair and reasonable and thus the entering into of the New Loan Agreement is in the interests of the Company and the Shareholders as a whole.
INFORMATION OF THE BORROWER. Xxxxxxxx A is a merchant who is the sole director and the sole ultimate beneficial owner of Borrower B. To the best knowledge, information and belief of the Directors after having made all reasonable enquiries, the Borrowers are independent third parties not connected with the Company or connected persons of the Company. REASONS FOR ENTERING INTO THE LOAN AGREEMENTS The Company is an investment holding company and its subsidiaries are principally engaged in the provision of financial services, including (i) commercial and personal lending as well as margin and initial public offering financing; (ii) brokerage, wealth management and asset management; (iii) placing and underwriting services for listed issuers; and (iv) corporate finance advisory services. The Lender is a registered money lender holding a valid money lenders licence under the Money Lenders Ordinance (Chapter 163 of the Laws of Hong Kong) and is principally engaged in the business of money lending services. The provision of the Loan Facility is a transaction carried out as part of the ordinary and usual course of business activities of the Group. The Loan Facility is funded by internal resources of the Group. The terms of the Loan Agreement were negotiated on arm’s length basis between the Lender and the Borrowers and were on normal commercial terms based on the Group’s credit policy. Taking into account the results of the due diligence on the financial background and repayment ability of the Borrowers and the stable interest income expected to be generated from the Loan Facility, the Directors consider that the terms of the Loan Agreement are fair and reasonable and the entering into of the same is in the interests of the Company and its Shareholders as a whole.
INFORMATION OF THE BORROWER. The Borrower is a merchant who is a new customer with no previous business relationship with the Group and being referred by an independent mortgage consultant to the Group. The Borrower is an executive director and the controlling shareholder of a communications technology company, of which the shares are listed on the Main Board of the Stock Exchange. To the best knowledge, information and belief of the Directors after having made all reasonable enquiries, the Borrower is an Independent Third Party.
INFORMATION OF THE BORROWER. The Borrower and its subsidiaries are principally engaged in the trading and production of building materials and investment in real estate in the PRC. Information of the Group The Company is an investment holding company. The principal businesses of the Group comprise financial services, securities investment, trading of futures, and logistics and warehousing. Xxx Xxxx Finance, an indirect subsidiary of the Company, is a money lender licenced in Hong Kong pursuant to the Money Lenders Ordinance (Chapter 163 of the Laws of Hong Kong). Reasons for, and benefits of, the Loan Agreement The terms of the Loan Agreement were negotiated on an arm’s length basis between Xxx Xxxx Finance and the Borrower. The Directors are of the view that the terms of the Loan Agreement were entered into on a normal commercial terms. The Loan is guaranteed by the Guarantor and is secured by, inter alia, the charges over the shares of and in, and assignments of shareholders’ loans advanced to, the subsidiaries of a company listed on the Stock Exchange. Taking into account the satisfactory financial background of the Borrower and the Guarantor and that a stable revenue and cashflow stream from the interest income is expected, the Directors consider that the terms of the Loan Agreement and the entering into of the Loan Agreement are fair and reasonable and in the interests of the Company and its shareholders as a whole.
INFORMATION OF THE BORROWER. The Borrower is a company established in the PRC with limited liability and is engaged in a wide range of businesses including investment management, asset management, industrial investment, business and investment consultancy and provision of accounting services. INFORMATION OF THE GUARANTORS Shanghai YueYun is a company established in the PRC with limited liability and is engaged in a wide range of businesses including sales of machinery and equipment, mineral products, steel, metals, textiles, wood, construction materials, jewelry and rubber products. Shanghai ShiHe is a company established in the PRC with limited liability and is engaged in a wide range of businesses including sales of metals, mineral products, coals, motor vehicles, automobile accessories, glass products, construction materials, rubber products and machinery and equipment.
