China Financial Services Holdings (HKG:0605) unit QL Credit Gain Finance agreed to grant a HK$8.5 million loan to an independent third party individual.
The loan carries an interest rate of 10% per annum and will fall due in 12 months, according to a Wednesday Hong Kong bourse filing.
A first legal charge/mortgage related to a HK$23 million residential property in Hong Kong was pledged as security against the loan.
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