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The latest update is out from Global International Credit Group Ltd. ( (HK:1669) ).
Global International Credit Group Limited announced a new loan agreement through its subsidiary GICL, providing a secured loan of HK$20,000,000 to Customer A, with Customer B and Customer C as guarantors. This loan, secured by an industrial property in Cheung Sha Wan, will be used to settle a previous loan of the same amount. The transaction is classified as discloseable under Hong Kong’s Listing Rules, indicating a significant financial maneuver for the company.
More about Global International Credit Group Ltd.
Global International Credit Group Limited is primarily engaged in the money lending business, offering property mortgage loans and personal loans in Hong Kong. The company operates under the Money Lenders Ordinance and GICL, a wholly-owned subsidiary, acts as the lender for these financial services.
Average Trading Volume: 246,296
Technical Sentiment Signal: Buy
Current Market Cap: HK$304M
Find detailed analytics on 1669 stock on TipRanks’ Stock Analysis page.