3 stories mentioning HKG:1273Updated just now
Every FINWIRES story that references HKG:1273, newest first.
Hong Kong Finance Group (HKG:1273) expects a 40% to 60% rise in attributable profit for the year ended March 31 from HK$46.2 million a year prior, according to a Tuesday Hong Kong bourse filing.The financial services provider attributed the forecast to a higher interest income, as well as cost control and efficiency in interest and operating expenses.
Hong Kong Finance Group (HKG:1273) unit Hong Kong Finance Company agreed to extend a HK$4 million loan to independent third parties Sun Chit Nam, Sun Siu Kit, and Lin Xi Wen, according to a Friday filing with the Hong Kong bourse.The loan has an interest rate of 18% per annum and will fall due nine months from drawdown.A second mortgage related to two residential properties and two car parking spaces in Hong Kong worth HK$148 million was pledged as security against the loan.
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.
