Ace Ornate Limited

Huarong Inv (2277) lends HK$500m to someoneDisclosure of interest
Company announcement, 19-Sep-2017
The 6-month loan bears interest at 15% p.a.. The unnamed BVI borrower provides security over shares in an unnamed listed real estate developer. From disclosures of interests, we see that the listed company is Greenland Hong Kong (0337). The borrower is Prestige Glory Enterprises Ltd, owned by David Wang Weixian, the "Honorary Chairman" and Executive Director of Greenland.

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