Millennium Group International Holdings Limited's subsidiary entered into an unsecured HKD 11.7 million loan agreement with Yee Cheong (1926) Enterprise Company on April 9, 2026, for working capital purposes.
Key takeaways
Borrower Millennium Holdings International Limited received HKD 11,700,000 unsecured loan.
Loan term spans 8 years from April 9, 2026 to April 8, 2034.
Interest rate set at 2.83% annually, payable monthly in arrears.
Purpose designated for working capital and general corporate purposes.
Monthly installment repayment required; prepayment allowed without penalty.
Default penalty interest at HKMCI Prime Rate plus 6%.
Governed by Hong Kong law with disputes resolved in Hong Kong courts.