v3.25.1
Credit facilities (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of bank loan

As of December 31, 2024 and 2023, bank loan consisted of the following:

 

      HK$’000   HK$’000 
      December 31 
Bank Name  Nature of Loan  2023   2024 
      HK$’000   HK$’000 
Bank of China (Hong Kong)  Revolving loan(1)   11,000    11,000 
Total      11,000    11,000 

 

  (1) This loan is a revolving loan up to HK$11,000,000, carries an interest of 2.25% below Hong Kong prime rate and is collateralized by the Company’s office premises located in Hong Kong; a Hong Kong property jointly owned by Mr. Li and his spouse and a personal guarantee from Mr. Li. This loan was first drawn down on October 22, 2018 and has been rolled over for every six-month period. The Company recognized this loan as short-term bank borrowing in its consolidated financial statements. The security charged over the Company’s office premises located in Hong Kong was released since September 29, 2022.