Coastal Greenland Home (1124) said it was informed by its controlling shareholder, Coastal International Holdings Limited (CIH), that two loans in which CIH is the borrower have matured and remain unpaid, according to Ming Pao.
The first loan was a six-month term loan of HK$7 million arranged in 2024 with an annual interest rate of 30% under a 2024 financing agreement. The second relates to a 2025 supplemental financing agreement for a six-month term-loan facility of up to HK$25 million, also at an annual interest rate of 30%.
STOCKS | Coastal Greenland Home Says Controlling Shareholder CIH Has Two Overdue Loans
2026-07-12 11:05:28
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
