Hong Kong Finance Group Ltd. (HK:1273) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Hong Kong Finance Group Limited has announced the provision of financial assistance through loan agreements totaling HK$10,500,000 to three customers, with the transactions being classified as discloseable due to their size according to the Listing Rules. The loans are secured by a legal charge on residential property in Hong Kong and are based on the borrowers’ solid financial backgrounds, collateral value, and positive repayment history. The Group will utilize its working capital to fund the loans, which are believed to carry manageable risks.
For further insights into HK:1273 stock, check out TipRanks’ Stock Analysis page.