GIC GROUP (01669) Subsidiary Plans to Grant HK$35 Million Secured Loan

Stock News2025-09-09

GIC GROUP (01669) announced that on September 9, 2025, GIC (as lender) entered into a new loan agreement with a client (as borrower), pursuant to which GIC agreed to grant a secured loan of HK$35 million for a term of 12 months. Prior to entering into the new loan agreement, GIC (as lender) had previously entered into a prior loan agreement to grant the client a secured loan of HK$35 million. The entire loan proceeds under the new loan agreement will be used to fully repay the outstanding principal under the prior loan agreement. The Group is principally engaged in the lending business of providing property mortgage loans and personal loans in Hong Kong under the Money Lenders Ordinance. GIC, as the lender for both the new loan and the prior loan, is an indirect wholly-owned subsidiary of the Company.

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