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Hong Kong Finance Group Ltd. ( (HK:1273) ) has provided an announcement.
Hong Kong Finance Group Limited, a financial services company, has announced a new loan agreement involving a principal amount of HK$15,000,000 to be provided to multiple borrowers. This transaction, which follows a previous loan to one of the borrowers, is considered a discloseable transaction under the Listing Rules due to its aggregated value. The loan is secured by properties valued at approximately HK$112,900,000, and the company has assessed the credit risk as manageable, given the collateral and the borrowers’ credibility.
More about Hong Kong Finance Group Ltd.
Average Trading Volume: 98,285
Technical Sentiment Signal: Buy
Current Market Cap: HK$161.8M
Find detailed analytics on 1273 stock on TipRanks’ Stock Analysis page.