Hong Kong Finance Group Ltd. (HK:1273) has released an update.
Hong Kong Finance Group Ltd. has provided a loan of HK$8,000,000 to Customer A, secured by a first mortgage on property valued at approximately HK$14,000,000. The loan, with an interest rate of 15.6% per annum, is part of a discloseable transaction that falls within specific Hong Kong Listing Rules due to its size. The company assesses the credit risk as manageable, with the loan being financed through its general working capital.
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