Hong Kong Finance Group (HKG:1273) unit Hong Kong Finance Company agreed to extend a HK$4 million loan to independent third parties Sun Chit Nam, Sun Siu Kit, and Lin Xi Wen, according to a Friday filing with the Hong Kong bourse.
The loan has an interest rate of 18% per annum and will fall due nine months from drawdown.
A second mortgage related to two residential properties and two car parking spaces in Hong Kong worth HK$148 million was pledged as security against the loan.
Daming Electronics (SHA:603376) signed land investment and transfer contracts for a new Phase II project in Yueqing City in China's Zhejiang Province.The land use term is 50 years, with a transfer price of 19.5 million yuan, according to a Friday filing with the Shanghai bourse.Shares of the automotive parts manufacturer closed 2% lower Friday.
IJM (KLSE:IJM) said its unit IJM Properties agreed to dispose of a piece of land together with a single-story building for 47.5 million ringgit.The property, located in Sabah, Malaysia, will be sold to Coupang, the asset-holding company of the Econsave Cash & Carry, according to a Friday Malaysian bourse filing.The deal is expected to close by the third quarter, the conglomerate said.Proceeds will be used to pay off expenses and boost working capital.
Indian benchmark indices ended sharply lower on Friday after a late-session selloff erased earlier stability, as investors turned cautious amid lingering uncertainty over a potential U.S.-Iran agreement.The BSE Sensex dropped 1,092.05 points, or 1.4%, to close at 74,775.74, while the NSE Nifty 50 fell 359.40 points, or 1.5%, to settle at 23,547.75.Market sentiment weakened in the final session of trade due to aggressive profit booking ahead of the weekend. Investor caution persisted despite reports indicating that the U.S. and Iran had agreed to extend their ceasefire and reopen shipping through the Strait of Hormuz. The proposed deal is reportedly awaiting approval from U.S. President Donald Trump.In corporate developments, Solar Industries India (NSE:SOLARINDS, BOM:532725) secured export orders worth 10.8 billion rupees from international clients for the supply of defense products over a three-year period.Steel Strips Wheels (NSE:SSWL, BOM:513262) reported fiscal fourth-quarter consolidated profit of 608.5 million rupees, compared with 606.6 million rupees a year earlier. Revenue from operations declined to 11.7 billion rupees from 12.3 billion rupees.