China Financial Services Holdings Limited (HK:0605) has released an update.
China Financial Services Holdings Limited has announced the provision of a new loan, Loan C, amounting to RMB1,200,000 with a term of five years to Customer CZ, secured by both property and personal guarantees. This follows two previous loans granted to the same borrower, with the combined total of all loans making the transaction discloseable under the Hong Kong Listing Rules. The loan agreements reflect the company’s ongoing financial support to its customer, with the latest loan carrying an 8.16% annual interest rate and structured for repayment in 60 monthly installments.
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