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An update from Hong Kong Finance Group Ltd. ( (HK:1273) ) is now available.
Hong Kong Finance Group Limited, a company incorporated in the Cayman Islands, has announced a new loan agreement with Customer AC for HK$8,000,000. This financial assistance is intended to settle a previous loan of the same amount, and it is secured by a first mortgage on a commercial property in Hong Kong. The transaction is considered discloseable under the Listing Rules due to its aggregate percentage ratio. The company has assessed the credit risk as manageable, given the borrower’s satisfactory repayment history and the property’s prime location.
More about Hong Kong Finance Group Ltd.
YTD Price Performance: 1.52%
Average Trading Volume: 127,135
Technical Sentiment Signal: Sell
Current Market Cap: HK$141.1M
Learn more about 1273 stock on TipRanks’ Stock Analysis page.
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