Global International Credit Group Ltd. (HK:1669) has released an update.
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Global International Credit Group Ltd. (GICL) has entered into four new secured loan agreements totaling HK$9.3 million with two customers, renewing part of their existing commitments without changing the overall outstanding loan amounts. The company, specializing in property mortgage and personal loans in Hong Kong, stated that the transaction falls under a discloseable event as per the Listing Rules due to the relationship between the borrowers. The loans, carrying an interest rate of 9.5% and secured by property, aim to replace four previous agreements and maintain the same level of debt for the customers.
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