China Financial Services (HKG:0605) unit Chengdu Vision Credit agreed to grant a 25 million yuan loan to a project investment firm for a one-year term, a late Tuesday Hong Kong bourse filing said.
Shares of the financial services company were up 3% in Wednesday afternoon trading.
The loan, which carries a 16% per annum interest rate, is secured by a first legal charge mortgage related to a 50 million yuan commercial property in Chengdu, as well as a private guarantee.
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