China Financial Services Unit Extends 11.2 Million Yuan Loan
China Financial Services Holdings (HKG:0605) unit Shenzhen Credit Gain Finance agreed to grant an 11.2 million yuan loan to independent third party Zhang Chong.The loan carries an interest rate of 12% per annum and will fall due in six months from drawdown.A first legal charge mortgage related to a 13.6 million yuan residential property in Shenzhen was pledged as security against the loan.