Hong Kong Finance Group Ltd. (HK:1273) has released an update.
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Hong Kong Finance Group Ltd. has entered into a Loan Agreement to provide HK$14,000,000 in financial assistance to a borrower in the travel agency business, secured by a prime property in Kowloon. The loan, carrying an interest rate of 15% per annum over a 12-month term, is supported by adequate collateral and the borrower’s solid net worth, ensuring manageable risk. This transaction highlights the company’s strategic lending initiatives in the Hong Kong market.
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