Global International Credit Group's (HKG:1669) subsidiary agreed to provide a mortgage loan of HK$18 million to a certain Hong Kong incorporated independent company for a 12-month term, a Monday Hong Kong bourse filing said.
The interest rate for the loan is set at 10% per annum and the borrower has provided mortgages of certain properties as the security for the loan.
Two independent parties have also provided guarantees for the loan.
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