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Hong Kong Finance Group Ltd. ( (HK:1273) ) just unveiled an update.
Hong Kong Finance Group Limited announced a new loan agreement with Customer AC, granting a loan of HK$8,000,000. This loan is collateralized by a commercial property in Hong Kong and will be used to settle a previous loan. The transaction is considered discloseable under the Listing Rules due to its size. The company has assessed the credit risk as manageable, citing the borrower’s strong repayment history and the property’s prime location.
The most recent analyst rating on (HK:1273) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Hong Kong Finance Group Ltd. stock, see the HK:1273 Stock Forecast page.
More about Hong Kong Finance Group Ltd.
Hong Kong Finance Group Limited is a financial services company incorporated in the Cayman Islands. It operates in the finance industry, primarily providing financial assistance through loans, with a focus on serving repeated customers with satisfactory repayment histories.
Average Trading Volume: 405,272
Technical Sentiment Signal: Buy
Current Market Cap: HK$224.1M
Find detailed analytics on 1273 stock on TipRanks’ Stock Analysis page.