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Wealthy Way Group Ltd. ( (HK:3848) ) has shared an update.
Haosen Fintech Group Limited has issued a supplemental announcement regarding a previously disclosed loan facility, clarifying how it determined the annual interest rate of 9%. The company stated that the rate was set after considering the borrower’s financial background and credit assessment, the lender’s own cost of funding, and prevailing market interest rates and practices, and confirmed that all other terms of the original transaction remain unchanged, providing additional transparency to shareholders and potential investors about its lending risk and pricing approach.
The most recent analyst rating on (HK:3848) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Wealthy Way Group Ltd. stock, see the HK:3848 Stock Forecast page.
More about Wealthy Way Group Ltd.
Haosen Fintech Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the financial technology and lending sector. The group is engaged in providing financing solutions, including loan facilities, to borrowers, leveraging credit assessment and prevailing market funding conditions in its lending activities.
Average Trading Volume: 123,983
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.75B
Learn more about 3848 stock on TipRanks’ Stock Analysis page.