China Financial Services Holdings (HKG:0605) unit Shenzhen Credit Gain Finance agreed to grant a 10 million yuan loan to independent third party Huang Jing Jin.
The loan carries an 18% per annum interest rate and will fall due in one year, a Monday bourse filing showed.
A first legal charge mortgage related to five commercial properties in Futian District, Shenzhen, worth nearly 24 million yuan, was pledged as security against the loan.