Rich Goldman Holdings Limited (HK:0070) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Rich Goldman Holdings Limited’s subsidiary, Home Mortgage Finance, has provided a sizeable loan of HK$6,000,000 to an unnamed customer, with a steep annualized interest rate of 16.08% over a one-year term. The loan is backed by two residential properties in Hong Kong valued at HK$11,900,000, ensuring a secure investment for the company. This financial move is significant enough to require formal disclosure, indicating a strategic step in Rich Goldman Holdings’ business activities.
For further insights into HK:0070 stock, check out TipRanks’ Stock Analysis page.