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FINWIRES

China Financial Services Unit Grants 7.5 Million Yuan Loan

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China Financial Services (HKG:0605) unit Shenzhen Credit Gain Finance agreed to extend a 7.5 million yuan loan to independent third party Wei Kunqin, according to a Thursday Hong Kong bourse filing.

The loan has an interest rate of 14.4% per annum and will fall due in six months.

A first legal charge mortgage related to a 9.4 million yuan residential property in Shenzhen was pledged as security against the loan.

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