Incredible Holdings Strikes Off Hong Kong Loan Financing Unit

MT Newswires

Aug 21

Incredible Holdings (SGX:RDR) said its subsidiary, Billion Credit Financial, has been dissolved after being struck off the local companies register in Hong Kong, according to a Thursday filing with the Singapore Exchange.

The investment holding company has been seeking a new business after being classified as a cash company, with Billion Credit having ceased its operations for an extended period of time.

The unit's two properties, pledged as collateral for a HK$7.6 million loan tied to its former lending operations, will have their legal title transferred to the lender.

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