China Financial Services Holdings Limited (HK:0605) has released an update.
China Financial Services Holdings Limited has announced a significant transaction involving the provision of a RMB2,100,000 loan to two customers for a one-year term, with an interest rate of 12.96% per annum. This loan is backed by a mortgage on a property valued at approximately RMB3,077,000 and a personal guarantee. The deal is classified as a ‘discloseable transaction’ per the Listing Rules, which means it has crossed the 5% threshold of applicable percentage ratio but remains below 25%.
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