Hong Kong Finance Group Announces New Loan Agreement as Discloseable Transaction

The latest update is out from Hong Kong Finance Group Ltd. ( (HK:1273) ).

Hong Kong Finance Group Limited has announced a new loan agreement with Customers G, H, and I, providing a principal amount of HK$8,000,000. This new loan will be used to settle the outstanding balance of a previous loan, and is part of a series of loans that, due to their aggregate size, constitute a discloseable transaction under Hong Kong’s Listing Rules. The loan is secured by a legal charge on a residential property valued at approximately HK$10,800,000, and carries an interest rate of 15% per annum over a six-month term. This transaction highlights the company’s strategic financial management and compliance with regulatory requirements, potentially impacting its market positioning and stakeholder relations.

More about Hong Kong Finance Group Ltd.

Hong Kong Finance Group Limited operates in the financial services industry, primarily providing financial assistance and loan agreements. The company focuses on offering loans to various customers, leveraging its expertise in financial management and lending services.

YTD Price Performance: 15.15%

Average Trading Volume: 118,193

Technical Sentiment Signal: Sell

Current Market Cap: HK$157.7M

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