China Financial Services Holdings Limited (HK:0605) has released an update.
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China Financial Services Holdings Limited has announced the provision of two secured loans totaling RMB 10,000,000 to associated borrowers, with the latest being a RMB 9,200,000 six-month loan at a 14.4% interest rate, guaranteed by a mortgage on three properties. As the transactions exceed 5% of the company’s ratio under the Listing Rules, they are classified as discloseable, triggering mandatory notification and announcement.
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