Silver Grant (HKG:0171) Lends RMB450M, Interest Rate 8% per Annum

   Date:2012-01-11

Silver Grant International (HKG:0171) has agreed to grant Shenyang Yuanshan Property Limited a loan in the amount of RMB450 million (HK$553.5 million) and bearing an interest rate of 18% per annum.

The proceeds of the loan shall be used by the borrower for the construction of a residential project in Shenyang, Liaoning Province. The borrower shall repay the loan in full in one lump sum together with all outstanding interests accrued thereon on the maturity date, being 8 months from the date of drawdown.



 

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