[ET Net News Agency, 25 July 2019] Hong Kong Finance Group Limited (01273) said its
subsidiary HK Finance has agreed to grant a secured loan in the principal amount of HK$20
million to a borrower for a term of twelve months.
The interest rate is 11.5% per annum. The security is a first legal charge in favour of
HK Finance in respect of a residential property located in Hong Kong, with valuation
conducted by an independent professional property valuer at an amount of approximately
HK$26.8 million. (RC)