China Financial Services (HKG:0605) unit Shenzhen Credit Gain Finance granted an 8.3 million yuan loan to a customer for a six-month term.
The loan carries an interest rate of 12% per annum and will commence from the drawdown date, according to a Thursday Hong Kong bourse filing.
A first legal charge/mortgage over a residential property in Shenzhen's Nanshan District, valued at approximately 10.5 million yuan as of July 31, was pledged as security for the loan.
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