Summary by Moomoo AI
Zhongda Group Holdings Limited announced on 28 December 2023 that its wholly-owned subsidiary Yifeng Finance Limited signed a financing letter with Client A, according to which the letter will provide a total loan of HK$7500 million to Client A for a period of three years at an annual interest rate of 7%. The loan will be secured by an entity in China valued at approximately HK$9380 million. CDA Group said that the transaction is relatively low in credit risk and will generate stable interest income for the Group. Since the relevant percentage exceeds 5%, this transaction is considered a disclosure transaction under Chapter 14 of the Listing Rules.