Hong Kong Finance Group Ltd. (HK:1273) has released an update.
Hong Kong Finance Group Ltd. has announced a significant loan agreement with Customer B, providing a HK$9,000,000 loan secured by prime Hong Kong property. The loan features a 12% annual interest rate, a 6-month term, and is backed by a residential property valued at approximately HK$26,200,000. The company has determined the credit risks to be manageable and will fund the loan from its general working capital.
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