C FIN SERVICES (00605.HK): Subsidiary Grants RMB 19 Million Loan at 15.6% per Annum
- The loan is secured by a first legal charge mortgage over a residential property in Futian District, Shenzhen, with a market value of approximately RMB 26,496,000 as assessed by an independent property valuer on 15 September 2026.
- The borrower will repay interest monthly, with principal repayable at maturity, and the loan will be funded from the Group's general working capital.
- The borrower Customer GQ is a PRC individual engaged in import and export trade and an independent third party and new customer of the Group; one or more applicable percentage ratios exceed 5% but are below 25%, making the loan a discloseable transaction.
NewTimeSpace News: On 18 September 2026, China Financial Services Holdings Limited (stock code: 00605) announced that its wholly-owned subsidiary Shenzhen Lingda Microcredit Co., Ltd., as lender, entered into a loan agreement with the borrower, Customer GQ, to grant a loan with a principal amount of RMB 19,000,000 for a term of one year from the date of drawdown at an interest rate of 15.6% per annum.
The loan is secured by a first legal charge mortgage over a residential property in Futian District, Shenzhen, with a market value of approximately RMB 26,496,000 as assessed by an independent property valuer on 15 September 2026. The borrower will repay interest monthly, with principal repayable at maturity, and the loan will be funded from the Group's general working capital. As one or more applicable percentage ratios in respect of the loan granted to the borrower under Rule 14.07 of the Listing Rules exceed 5% but are below 25%, the grant of the loan constitutes a discloseable transaction of the Company subject to the notification and announcement requirements.
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