China Financial Services (HKG:0605) unit Shenzhen Credit Gain Finance agreed to extend an 11 million yuan loan to a Chinese individual named Cai Jinxing, according to a Monday Hong Kong bourse filing.
The loan has an interest rate of 20.4% per annum and will fall due in 12 months.
A first legal charge mortgage for a 22.8 million yuan commercial property in Shenzhen was pledged as security against the loan.