EPI (HKG:0689) unit EPI ESG Investment (New Zealand) agreed to provide a NZ$1.3 million loan facility to The Zheng Trustees.
The facility has an interest rate of 8% per annum and will fall due in 12 months from drawdown, a Friday bourse filing showed.
A first mortgage related to certain land and property in Auckland, New Zealand, was pledged as collateral against the loan, alongside a guarantee by Jay Jing Zheng.
Zheng had also obtained a seven-month NZ$1.3 million loan facility carrying a 6% per annum interest rate from EPI ESG Investment (New Zealand) in July.
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