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Hong Kong Finance Group Ltd. ( (HK:1273) ) has issued an update.
Hong Kong Finance Group Limited has entered into a New Loan Agreement with Customers J and K, providing a loan of HK$43,000,000. This transaction, which follows a previous loan of HK$3,000,000 to the same borrowers, is considered a discloseable transaction under Hong Kong’s Listing Rules due to its size. The loan is secured by a first mortgage on a residential property and a car parking space, with a valuation of approximately HK$60,000,000. This move is expected to strengthen the company’s financial operations and enhance its market positioning by leveraging secured lending opportunities.
The most recent analyst rating on (HK:1273) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Hong Kong Finance Group Ltd. stock, see the HK:1273 Stock Forecast page.
More about Hong Kong Finance Group Ltd.
Hong Kong Finance Group Limited operates in the financial services industry, primarily offering financial assistance and loan services. The company is focused on providing loans secured by real estate and other assets, targeting clients in need of substantial financial support.
Average Trading Volume: 340,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$224.1M
Learn more about 1273 stock on TipRanks’ Stock Analysis page.