Global International Credit Group (HKG:1669) unit Global International Credit has granted a HK$10 million loan with a 12% per annum interest rate to a third-party property investor for a 12-month term, a Tuesday bourse filing said.
A first legal charge/mortgage related to a HK$16.5 million residential property in Tseung Kwan O was pledged as security against the loan.
On the same day, Global International Credit extended the terms of two loans previously granted to the borrower and his younger sister worth HK$5.3 million for 12 months.
Shares of the financial services company closed nearly 2% lower on Tuesday.
Price (HKD): $0.60, Change: $-0.010, Percent Change: -1.64%
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