GIC GROUP (01669) intends to grant a secured loan of HK$35 million.
Global Credit Group (01669) announced that on September 9, 2025, Global Credit (as the lender) entered into...
GIC GROUP (01669) announced that on September 9, 2025, Global Credit (the lender) and the customer (the borrower) entered into a new loan agreement, whereby Global Credit agreed to provide a secured loan of HK$35 million for a period of 12 months.
Prior to entering into the new loan agreement, Global Credit (the lender) had entered into a previous loan agreement with the customer, providing a secured loan of HK$35 million. The proceeds of the new loan agreement will be used to fully repay the outstanding principal under the previous loan agreement.
The Group primarily engages in providing property mortgage loans and personal loans in Hong Kong in accordance with the Money Lenders Ordinance. Global Credit, as the lender for the new loan and the previous loan, is an indirect wholly-owned subsidiary of the company.
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