China Financial Services Holdings Limited (HK:0605) has released an update.
China Financial Services Holdings Limited has provided a loan of RMB 2,500,000 to Customer EL with a one-year term, secured by a first legal charge on a residential property. The annual interest rate is set at 20.4%, with the principal to be repaid at maturity and interest payments due monthly. This loan transaction is significant enough to require disclosure according to the Listing Rules, as it exceeds 5% of the company’s applicable percentage ratio.
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