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Wealthy Way Group Ltd. ( (HK:3848) ) just unveiled an update.
Haosen Fintech Group Limited, via its indirect wholly owned subsidiary Haosen Credit, has entered into a loan facility agreement to provide a RMB14.66 million loan (approximately HK$16.51 million) to a borrower for a 12‑month term at an annual interest rate of 21.6%, backed by guarantees from third-party guarantors. The transaction, funded by the group’s internal resources, qualifies as a discloseable transaction under Hong Kong listing rules due to its size relative to the company, requiring public reporting and signaling an active deployment of capital into higher-yield lending activities that may enhance interest income while adding to the group’s credit exposure profile.
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 Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, operating through subsidiaries such as Haosen Credit to provide credit and financing services, including loan facilities, within the financial technology and lending sector.
Average Trading Volume: 141,516
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.75B
Learn more about 3848 stock on TipRanks’ Stock Analysis page.