China Financial Services Holdings Limited (HK:0605) has released an update.
China Financial Services Holdings Limited has announced a significant transaction where its subsidiary, UDSL, will provide a loan of RMB20 million to two borrowers for a three-month period at an interest rate of 16.2% per annum. The loan is secured by a mortgage on a residential property in Beijing valued at approximately RMB27.71 million. This transaction, classified as discloseable, demonstrates the company’s active engagement in financial assistance ventures.
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