Hong Kong Finance Group Ltd. (HK:1273) has released an update.
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Hong Kong Finance Group Ltd. has entered into a Loan Agreement to provide HK$14,000,000 in financial assistance to a borrower in the travel agency business, secured by a prime property in Kowloon. The loan, carrying an interest rate of 15% per annum over a 12-month term, is supported by adequate collateral and the borrower’s solid net worth, ensuring manageable risk. This transaction highlights the company’s strategic lending initiatives in the Hong Kong market.
For further insights into HK:1273 stock, check out TipRanks’ Stock Analysis page.
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