China Financial Services Holdings (HKG:0605) unit Shenzhen Credit Gain Finance agreed to extend a 19 million yuan loan to independent third party Wu Pei Yi.
The loan carries an interest rate of 15.6% per annum and will fall due in one year from drawdown, a Friday Hong Kong bourse filing showed.
A first legal charge mortgage related to a 26.5 million yuan residential property in Shenzhen was pledged as security against the loan.