Global International Credit Group Ltd. (HK:1669) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into HK:1669 stock, check out TipRanks’ Stock Analysis page.