Summary by Moomoo AI
Zhongda Group Holdings Limited issued a supplemental notice on 17 January 2024 detailing the financing provision announced on 28 December 2023. The announcement states that Client A has secured approximately 62.5% of its equity interest in Luhe County Changhong Hot Spring Resort Development Co., Ltd., as collateral for the loan. The independent valuation of the secured shares is approximately HK$93,800,000. The main business of Changhong Hot Spring Resort Development Co., Ltd. is the development of hot spring villas. The members of the Board of Directors of Zhongda Group Holdings include Executive Directors such as Mr. Chen Xiaodong (Chairman), Mr. Li Jing (Chief Executive Officer), as well as independent non-executive directors such as Mr. Kwok Chi Kwong and Mr. Wu Ming.