China Financial Services Holdings Limited (HK:0605) has released an update.
China Financial Services Holdings Limited has announced a significant discloseable transaction, providing a one-year loan totalling HK$4.7 million to three customers, with an interest rate of 14.5% per annum. Secured by mortgages on properties with valuations totalling approximately HK$13.5 million, the loan requires monthly interest repayments with the principal due at maturity. This move is substantial enough to warrant notification under the Listing Rules of the Hong Kong Stock Exchange.
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