China Financial Services (HKG:0605) unit Shenzhen Credit Gain Finance agreed to grant a 10 million yuan loan to individual third party Wu Zhi Lan, according to a Wednesday Hong Kong bourse filing.
The loan has an interest rate of 14.4% per annum and will fall due in 12 months.
A first legal charge mortgage related to a 32.9 million yuan residential property in Shenzhen was pledged as security against the loan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.