China Financial Services Holdings Limited (HK:0605) has released an update.
China Financial Services Holdings Limited has disclosed a transaction involving a short-term loan agreement. On July 10, 2024, the company’s subsidiary BZPC agreed to lend RMB 3 million with a 12% annual interest rate to two borrowers, secured by a mortgage on a residential property valued at RMB 5.14 million. This financial assistance represents a discloseable transaction according to the Listing Rules, falling between 5% and 25% of the company’s applicable percentage ratio.
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