China Financial Services Unit Extends 10 Million Yuan Loan

MT Newswires Live

02/04

China Financial Services (HKG:0605) unit Shenzhen Credit Gain Finance agreed to grant a 10 million yuan loan to individual third party Wu Zhi Lan, according to a Wednesday Hong Kong bourse filing.

The loan has an interest rate of 14.4% per annum and will fall due in 12 months.

A first legal charge mortgage related to a 32.9 million yuan residential property in Shenzhen was pledged as security against the loan.

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