Rich Goldman Holdings Limited (HK:0070) has released an update.
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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.
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