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NTLG update on director's share pledge

By BFN News | 02:24 PM | Friday 04 July, 2014

New Trend Lifestyle Group has announced an amendment to the loan agreement between director and controlling shareholder Master Phang and Hao Tin Development Group. The effect of the amendment is to extend the repayment date for the HK$6m loan from 31 May 2014 to 30 August 2014. As previously announced Master Phang pledged 54,721,333 shares of NTLG as security for the loan. The company will make a further announcement on 30 August. At 2:24pm: (LON:NTLG) New Trend Lifestyle Group Plc share price was +0.01p at 7.38p Story provided by

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