Hong Kong Finance Group Ltd. (HK:1273) has released an update.
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Hong Kong Finance Group Limited has announced the provision of financial assistance through loan agreements totaling HK$10,500,000 to three customers, with the transactions being classified as discloseable due to their size according to the Listing Rules. The loans are secured by a legal charge on residential property in Hong Kong and are based on the borrowers’ solid financial backgrounds, collateral value, and positive repayment history. The Group will utilize its working capital to fund the loans, which are believed to carry manageable risks.
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