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An announcement from Hong Kong Finance Group Ltd. ( (HK:1273) ) is now available.
Hong Kong Finance Group Limited announced a discloseable transaction involving a loan agreement with Customer B, granting a principal amount of HK$9,000,000. The loan, secured by a first mortgage on a residential property, is set at an interest rate of 1% per month for a term of six months. The company considers the risks manageable due to the collateral’s prime location and the borrower’s financial stability, funding the loan through its general working capital.
More about Hong Kong Finance Group Ltd.
Hong Kong Finance Group Limited is an investment holding company primarily engaged in the money lending business in Hong Kong, operating under the Money Lenders Ordinance. Its subsidiary, HK Finance (PL), facilitates financial transactions and lending services.
Average Trading Volume: 104,266
Technical Sentiment Signal: Buy
Current Market Cap: HK$170.1M
Learn more about 1273 stock on TipRanks’ Stock Analysis page.