Kingkey Financial International (Holdings) Ltd. (HK:1468) has released an update.
Kingkey Financial International (Holdings) Ltd. reported a substantial increase in loan principal amounts, reaching HK$199 million by March 2024, which led to a significant rise in impairment losses. The company’s loan portfolio comprises both corporate and personal loans with interest rates ranging from 10% to 48% per annum, predominantly secured by share charges and properties. These financial activities highlight Kingkey’s strategic lending operations amidst a dynamic market environment.
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