Hong Kong Finance Group Grants HK$4 Million Secured Loan in Discloseable Deal
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Hong Kong Finance Group Ltd. has granted a HK$4 million secured loan to three repeat customers under a nine-month facility at an 18% interest rate. The loan is secured by a second mortgage on two residential units and two parking spaces valued at HK$148 million. This transaction, part of a total of HK$60 million loaned to these borrowers in a year, is classified as a discloseable transaction under Hong Kong listing rules due to its aggregation requirements.
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