Global International Credit Group Ltd. ( (HK:1669) ) has provided an announcement.
Global International Credit Group Limited announced a discloseable transaction involving the provision of a secured loan amounting to HK$23,000,000 with a 24-month term to a customer. This secured loan, which has a first legal charge on a residential property and car parking spaces valued at HK$40,000,000, carries an interest rate of 11.5% per annum. This transaction, categorized under the company’s discloseable transactions, aligns with the regulatory framework of the Hong Kong Stock Exchange, potentially enhancing the company’s portfolio in the financial assistance sector.
More about Global International Credit Group Ltd.
Global International Credit Group Limited is primarily engaged in the money lending business, offering property mortgage loans and personal loans in Hong Kong under the Money Lenders Ordinance.
Average Trading Volume: 105,485
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$232M
See more insights into 1669 stock on TipRanks’ Stock Analysis page.