China Financial Services Holdings Limited (HK:0605) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Financial Services Holdings Limited has provided a loan of RMB 2,500,000 to Customer EL with a one-year term, secured by a first legal charge on a residential property. The annual interest rate is set at 20.4%, with the principal to be repaid at maturity and interest payments due monthly. This loan transaction is significant enough to require disclosure according to the Listing Rules, as it exceeds 5% of the company’s applicable percentage ratio.
For further insights into HK:0605 stock, check out TipRanks’ Stock Analysis page.