9F Inc closes HKD 101M entrustment transaction
9F Inc. reported that it has closed an entrustment transaction with SCLOUDPAY (HONGKONG) INTERNATIONAL LIMITED.
Rhea-AI Filing Summary
9F Inc. reported that it has closed an entrustment transaction with SCLOUDPAY (HONGKONG) INTERNATIONAL LIMITED. The company purchased for the Principal’s benefit certain loan receivables and related rights, called the Target Loan, from a wholly owned subsidiary of China CITIC Financial Asset Management for an aggregate consideration of HKD 101 million, then immediately transferred the Target Loan to the Principal.
Under an Entrustment Agreement between the Principal and Capital Nine Holding Limited, a 9F subsidiary, the Principal will repay the HKD 101 million consideration in instalments by November 30, 2026 and pay related funding expenses at 8% per annum. The agreement also includes safeguard provisions for 9F’s right to receive payment, including pledge and custody arrangements.
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Key Figures
Key Terms
Entrustment Agreement financial
Target Loan financial
loan receivables financial
forward-looking statements regulatory
FAQ
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What transaction did 9F Inc (JFU) disclose in this 6-K?
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How will SCLOUDPAY repay 9F Inc (JFU) for the Target Loan?
What protections does 9F Inc (JFU) have under the Entrustment Agreement?
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