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China Financial Services Holdings Limited ( (HK:0605) ) has shared an announcement.
China Financial Services Holdings Limited has disclosed that its subsidiary SZCG has entered into a loan agreement with a corporate client, Customer FM, providing RMB29.98 million in financing for a six-month term at an annual interest rate of 11%, backed by a personal guarantee from a guarantor and with interest payable monthly and principal due at maturity. The size of the loan triggers a discloseable transaction classification under Hong Kong listing rules, underscoring the materiality of this credit exposure for the group and signalling its continued active participation in higher-yield lending activities, which may have implications for its risk profile and earnings from interest income.
The most recent analyst rating on (HK:0605) stock is a Hold with a HK$0.98 price target. To see the full list of analyst forecasts on China Financial Services Holdings Limited stock, see the HK:0605 Stock Forecast page.
More about China Financial Services Holdings Limited
China Financial Services Holdings Limited is a Hong Kong-incorporated financial services company focused on providing financing and loan-related services, including short- to medium-term credit facilities, to corporate customers in mainland China and the region.
Average Trading Volume: 269,173
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$174M
See more insights into 0605 stock on TipRanks’ Stock Analysis page.