Hong Kong Finance Group Ltd. (HK:1273) has released an update.
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Hong Kong Finance Group Ltd. has entered into a New Loan Agreement, providing HK$5 million in financial assistance to three customers with a 20.4% annual interest rate. This follows previous loans totaling HK$7 million, and the transaction is backed by substantial property securities estimated at HK$42.2 million. The deal, exceeding a 5% threshold of the company’s applicable percentage ratio, is classified as a discloseable transaction under Hong Kong’s Listing Rules.
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