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Southwest Securities (812) proceedings re defaulted HK$158.4m loan against Michael Ng Kwok Wing & Alan Lee Yuk Lun

Company announcement, 8-Jul-2019

The loan to Nieumarkt Investments Ltd is guaranteed by the two individuals and secured on its 64.66% shareholding in Celebrate (8212). The loan was used to finance the takeover of Celebrate in 2017.

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