Zero Fintech Group's (HKG:0093) subsidiary X8 Finance agreed to provide a loan of HK$8.5 million to Cheng Kim Sheung and Leung Kwong Ming Stephen for a 12-month period, a Thursday Hong Kong bourse filing said.
The loan will be used by the borrowers to repay the principal of a previous loan of HK$8.5 million provided by X8 Finance earlier.
The current loan matures on Jan. 23, 2026, and bears an interest rate of 16% per annum.
The previous loan was sourced through the internal resources of the group while the new loan was carried over from the previous loan.
The shares of the company closed nearly 5% lower on Thursday.
Price (HKD): $0.61, Change: $-0.030, Percent Change: -4.69%
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