EPI (HOLDINGS) (00689) granted a loan of NZ$2 million.

date
17:59 20/11/2025
avatar
GMT Eight
Changyin Group (Holdings) (00689) issued an announcement on November 20, 2025, regarding lender EPI E...
EPI (HOLDINGS) (00689) announces that on November 20, 2025, the lender EPI ESG Investment (New Zealand) Limited (a wholly-owned subsidiary of the company registered in New Zealand) entered into a loan agreement with borrower Sequoia Development Limited (borrower, mortgagor) and guarantor Mr. Chen Yiming. Under this agreement, the lender agrees to provide a loan amount of NZD 2 million (approximately HKD 8.8 million) to the borrower, with a repayment period of twelve months. The lender is a licensed lender registered in New Zealand as a provider of financial services (entity), mainly engaged in providing financial services and can act as a creditor in credit contracts. The provision of the loan amount is part of the transactions carried out in the normal course of the group's business operations. The group intends to expand stable sources of loan transactions through its business network and increase income through lending operations. The group's goal is to provide loans to borrowers with good credit records who can provide sufficient collateral (preferably good quality properties and assets) as security. The target customers of the lending business are individuals and corporate entities who have short-term funding needs for business purposes and can provide adequate collateral for their loans.