China Financial Services Holdings Limited (HK:0605) has released an update.
China Financial Services Holdings Limited has entered into a loan agreement to provide RMB 5 million in financial assistance to Customer DK over a six-month term, with the loan being secured by a property in Beijing. The transaction, which involves an interest rate of 14.4% per annum, is deemed discloseable due to its size, and thus requires notification and announcement as per the Listing Rules. This strategic move by the company could indicate an expansion of its financial services and a potential impact on its stock valuation.
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