China Financial Services Holdings (HKG:0605) unit CFSH Urban Development (Beijing) Small Loan agreed to grant a 6.8 million yuan loan to independent third party Jiang Long.
The loan carries an interest rate of 14.4% per annum and will fall due in six months from the drawdown date, a Wednesday bourse filing showed.
The loan is secured by a first legal charge mortgage related to a 9.1 million yuan residential property in Beijing, as well as a personal guarantee by third party Chen Lin.
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