China Financial Services Unit Extends 10 Million Yuan Loan

MT Newswires Live

01/14

China Financial Services (HKG:0605) unit Shenzhen Credit Gain Finance agreed to grant a 10 million yuan loan to third-party borrower, Yang Chun Yan, according to a Wednesday Hong Kong bourse filing.

The loan carries an interest rate of 14.4% per annum and will fall due in six months.

A first legal charge mortgage for a 14.5 million yuan residential property in Shenzhen was pledged as security against the loan.

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