China Financial Services Holdings Limited (HK:0605) has released an update.
China Financial Services Holdings Limited has announced a significant transaction involving a loan agreement with two customers for RMB 4 million at an interest rate of 12.24% per annum, with a term of one year. This transaction, secured by a residential property valued at approximately RMB 10.4 million, is classified as a discloseable transaction under the relevant Listing Rules due to its size. The company has secured the loan with a mortgage on property in Shenzhen, ensuring a sufficient collateral value.
For further insights into HK:0605 stock, check out TipRanks’ Stock Analysis page.
