China Financial Services Holdings Limited (HK:0605) has released an update.
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China Financial Services Holdings Limited has announced a significant financial assistance transaction on August 16, 2024, providing a six-month loan of RMB 8 million with an annual interest rate of 13.2%, secured by a first legal charge mortgage on a property valued at approximately RMB 13.59 million. This transaction is classified as discloseable under the Listing Rules, due to the applicable percentage ratio, requiring the company to comply with notification and announcement obligations. The loan agreement stipulates monthly interest repayments, with the principal due at the end of the term.
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