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Chairman of the board of directors and executive director Chen Guangxian increased shareholding of hk finance gp (01273) by 40 million shares at a price of 0.32 Hong Kong dollars per share.
On October 4, the chairman of the board of directors and executive director, Chen Guangxian, increased his shareholding in hk finance gp (01273) by 40 million shares, priced at 0.32 Hong Kong dollars per share, totaling 12.8 million Hong Kong dollars.
hk finance gp (01273.HK) received an off-market shareholding of 40 million ordinary shares by Chen Guangxian, worth approximately 12.8 million Hong Kong dollars.
Reported on October 9th, according to documents disclosed by the Hong Kong Stock Exchange on October 9th, Chan Kwong Yin increased their shareholding off the market on October 4th at an average price of HK$0.32 per share, acquiring 40 million shares of ordinary shares of HK Finance GP (01273.HK), worth approximately HK$12.8 million. After the increase, Chan Kwong Yin's latest number of shares held is 0.306 billion shares, with a warehouse ratio of 73.69%. Image Source: Hong Kong Stock Exchange Equity Disclosure. What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) must disclose their shareholding in listed companies. Directors of listed companies and the most
hk finance gp (01273.HK) granted a loan of 18 million Hong Kong dollars.
On September 27, Gelonhui announced that on September 27, 2024, hk finance gp (01273.HK) entered into a new loan agreement with customers AI, AJ, AK, AL, and AM (referred to collectively as borrowers) as the lender. Under the new loan agreement, hk finance gp has agreed to grant a loan of 18 million Hong Kong dollars to the borrowers. Prior to entering into the new loan agreement, hk finance gp (as the lender) had entered into previous loan agreements to grant a loan of 18 million Hong Kong dollars to the borrowers. The proceeds from the new loan will be used to fully settle the previous loan.
ROI exceeds 20%! China's wealthy flock to the $1.7 trillion "high-yield market"......
Chinese wealthy investors are pursuing the $1.7 trillion private crediting market, ignoring warnings of rising default rates, because some of these trades have an roi exceeding 20%.
Circle Credit Report: The Hong Kong finance gp market continues to be stable, with new card demand declining year-on-year in the second quarter.
Crediting service institution TransUnion(TRU.US) released the second quarter of this year's "Crediting Industry Analysis Report". During the second quarter, the macroeconomic indicators in Hong Kong were generally positive, with the local gross domestic product and overall goods exports rising by 3.3% and 7.5% respectively compared to the same period last year, and the crediting market also continued to maintain stability. Although the growth of new loans for all crediting products except for revolving loans slowed down, the outstanding payments of existing crediting products increased during this quarter, benefiting from the consumption of outbound travel during the summer vacation. This upward trend is consistent with the outbound travel data of Hong Kong residents. The performance of the credit card market in the second quarter continues to show different trends. Check
HK FINANCE GP: Annual Report 2024
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