On December 24, the BoD of Funan Securities Corporation (FNS) approved the loan between the Company and Merit Group Australia Pty Ltd, a company related to Board Member Xu Chun. Accordingly, Merit Group Australia Pty Ltd will lend AUD 2,000,000 to FNS.
- Maximum loan: AUD 2,000,000
- Loan term: 03 months
- Interest rate: 6%/year
- Collateral: none.