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Hong Kong Finance Group Ltd. ( (HK:1273) ) has shared an announcement.
Hong Kong Finance Group Limited has entered into a Loan Agreement with Customer E, providing financial assistance amounting to HK$40,000,000. The loan is secured by a first mortgage on a residential property valued at approximately HK$145,000,000, with a loan-to-value ratio of 27.6%. The loan is considered a discloseable transaction under the Listing Rules, and the Group will finance it using its general working capital. The risk associated with the loan is deemed manageable due to the collateral’s prime location and the solid net worth of the guarantor, Customer F.
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.
Average Trading Volume: 367,918
Technical Sentiment Signal: Buy
Current Market Cap: HK$219.9M
See more insights into 1273 stock on TipRanks’ Stock Analysis page.