K CASH (02483) secured a syndicated loan of HK$550 million.

K CASH (02483) announced that on November 8, 2024, the company successfully obtained a syndicated loan. The financing amount is 550 million Hong Kong dollars, the largest single financing credit since the establishment of the group. The funds raised through this financing will be used for the group's general corporate purposes, including expanding the group's loan portfolio and refinancing the group's existing financial debts. By entering into this financing, the group can broaden its financing channels, supplement the funds needed for its operations, and optimize the group's debt structure. The company will also continue to monitor its interest rate risks and consider using financial instruments to hedge the significant risks associated with floating rate debts in appropriate market conditions.