Zero Fintech Group's (HKG:0093) subsidiary X8 Finance agreed to make available a loan with a principal amount of HK$50 million to Kowloon Investment for a term of six months, a Tuesday Hong Kong bourse filing said.
The loan's draw-down date is Dec. 3, and it holds an interest rate of 18% per annum.
The borrower has previously borrowed loans from X8 Finance and together with the current loan, the total outstanding balance of loan principals owed by the borrower amounts to HK$150 million.
The borrower has provided a first mortgage in respect of a commercial building in Hong Kong for all the loans advanced by X8 Finance and their respective accrued interests.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。