On 30 June 2026, CSC Holdings Limited announced that its wholly owned money-lending arm, U Credit (HK) Limited, has executed three separate loan agreements with individual Hong Kong borrowers, providing an aggregate HK$270.00 million in 12-month facilities.
• Loan Facility A: HK$95.00 million at 7.50% annual interest, secured by NASDAQ-listed shares valued at HK$123.50 million (loan-to-value, LTV: 77%).
• Loan Facility B: HK$85.00 million at 8.50% annual interest, backed by a portfolio of NASDAQ and Hong Kong Main Board equities worth HK$129.10 million (LTV: 66%).
• Loan Facility C: HK$90.00 million at 8.00% annual interest, collateralised by London Stock Exchange and Hong Kong Main Board securities valued at HK$122.40 million (LTV: 74%).
All facilities permit early repayment with 30 days’ notice and are available for drawdown within 30 business days of signing. Funding will be sourced from the Group’s internal resources.
Given that each loan’s applicable percentage ratio under Rule 14.07 of the Hong Kong Listing Rules exceeds 5% but is below 25%, each facility constitutes a discloseable transaction, requiring public announcement and reporting.
The company highlighted that credit assessments considered both collateral coverage and borrower repayment capacity, concluding that the credit risk remains “relatively low.” The loans align with CSC Holdings’ ordinary course money-lending operations and were negotiated on an arm’s-length basis with terms deemed fair and reasonable by the board.
Comments