C FIN SERVICES (00605.HK): unit grants RMB 10M one-year loan at 18%
- The mortgaged properties were valued by an independent valuer at an aggregate market value of approximately RMB 23,998,000 as at 29 September 2026.
- The borrower, Huang Jingjing, is a China-based software development individual and an Independent Third Party with no prior relationship with the Group.
NewTimeSpace News: On 12 October 2026, China Financial Services Holdings Limited (stock code: 00605.HK) announced that Shenzhen Lingda Microcredit Co., Ltd., a wholly-owned subsidiary acting as lender, entered into a loan agreement with Client GT as borrower to lend RMB 10,000,000 for one year from drawdown at 18% per annum.
The loan is secured by a first legal charge by way of mortgage over five commercial properties in Futian District, Shenzhen, valued by an independent valuer at an aggregate market value of approximately RMB 23,998,000 as at 29 September 2026. Interest is repayable monthly and the principal at maturity, with the loan funded from the Group's general working capital. The borrower, Huang Jingjing, is a China-based software development individual and an Independent Third Party with no prior relationship with the Group. As one or more applicable percentage ratios under Rule 14.07 of the Listing Rules exceed 5% but are below 25%, the loan is a disclosable transaction.
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