Global International Credit Group (HKG:1669) subsidiary GICL extended a HK$23 million loan to an investor and asset manager, according to a Monday filing with the Hong Kong Exchange.
The loan has a 24-month term and an interest rate of 11.5%, the filing said.
The customer put out for collateral a residential property and two car parking spaces in Tuen Mun, Hong Kong worth HK$40 million, the filing said.
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