China Financial Services (HKG:0605) unit Shenzhen Credit Gain Finance agreed to extend a 35 million yuan loan to an independent third-party couple.
The loan has an interest rate of 14.4% per annum and will fall due in six months from the drawdown date.
A first legal charge/mortgage for a 44.5 million yuan residential property in Shenzhen was pledged as security against the loan.
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