Financial Wire

Hong Kong Finance Group to Lend HK$8 Million to Prior Borrower

-- Hong Kong Finance Group (HKG:1273) said it agreed to lend a further HK$8 million to Tam Yuk Ching Jenny, according to a Hong Kong bourse filing Thursday.

The new loan will refinance the HK$8 million Tam borrowed in the past, and accrue interest at 14.4% per annum. It will be secured against a first mortgage loan on a commercial property in Hong Kong.

Tam will continue to owe a total of HK$23 million to the company when accounting for a separate HK$15 million borrowed from the firm previously.

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