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China Financial Services Unit Extends 11.5 Million Yuan Loan

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China Financial Services Holdings (HKG:0605) unit Shenzhen Credit Gain Finance agreed to grant an 11.5 million yuan loan to independent third party Yang Zitong, according to a Monday Hong Kong bourse filing.

Shares of the financial services company were up nearly 2% in Tuesday afternoon trading.

The loan carries a 12% annual interest rate and has a six-month term from the drawdown date.

A first legal charge mortgage over a 13.9 million yuan residential property in Shenzhen's Nanshan District was provided as security for the loan.

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