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Wisdomcome Group Holdings Ltd. — Capital/Financing Update 2017
Apr 6, 2017
51257_rns_2017-04-06_1641ee2d-381c-4112-b99e-ed9d0d7cfda4.pdf
Capital/Financing Update
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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EASY REPAY FINANCE & INVESTMENT LIMITED 易還財務投資有限公司
(Continued in Bermuda with limited liability)
(Stock code: 8079)
FURTHER CLARIFICATION ANNOUNCEMENT ASSIGNMENT OF LOAN
Reference is made to the announcement of Easy Repay Finance & Investment Limited (the “Company” ) dated 30 March 2017 and 31 March 2017 (the “Announcements” ) in relation to the entering of the Transfer Mortgage Agreement between Yvonne Credit and Quick Money for assign and transfer, the rights, title, interest and benefits in and to the Loan at a consideration of HK$6,794,759.09 to Quick Money. Unless otherwise defined, capitalized terms used herein shall have the same meaning as ascribed to it in the Announcements.
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The Company would like to further indicate that the Company has received several loans enquires from potential borrowers and proposed terms of such loans offer higher interest rate. The Company is of the view that such loans with higher interest rate and shorter loan terms will provide better return to the Group. As such, the Company decided to assign and transfer the Loan with relatively lower interest rate and less favourable terms. The Board consider that the terms of the Transfer Mortgage Agreement are fair and reasonable and entering into of the Transfer Mortgage Agreement is in the interests of the Company and the Shareholders as a whole.
By order of the Board
Easy Repay Finance & Investment Limited
Shiu Yeuk Yuen Chairman
Hong Kong, 6 April 2017
As at the date of this announcement, the Board comprises Mr. Shiu Yeuk Yuen and Mr. Leung Ge On Andy as executive Directors; Dr. Siu Yim Kwan, Sidney, Mr. Kam Tik Lun and Mr. Ho Siu King, Stanley as independent non-executive Directors.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the Company’s website at www.ecrepay.com and the “Latest Company Announcements” page of the GEM website for at least seven days from the date of its posting.
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