Global International Credit Group Ltd. (HK:1669) has released an update.
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Global International Credit Group Ltd. has recently announced the provision of a new secured loan worth HK$34 million to an undisclosed customer for a term of 36 months, with an interest rate of 12% per annum. The loan, secured against a residential property and car parking space valued at HK$55 million, requires monthly interest repayments and allows for early repayment with notice. This transaction is significant enough to be classified as a discloseable transaction under the Listing Rules, due to its percentage ratios.
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