Global International Credit Group (HKG:1669) unit Global International Credit Limited agreed to grant a secured loan worth HK$36 million to an independent third party, a Tuesday bourse filing said.
The loan carries a 12% per annum interest rate and will fall due in 12 months.
A first legal charge/mortgage for a HK$68 million residential property in Discovery Bay was pledged as security for the loan.
Shares of the financial services company were down nearly 2% in recent trade.
Price (HKD): $0.53, Change: $-0.010, Percent Change: -1.85%
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