Summary by Futu AI
Kingkey Fin Int (Holdings) Limited ("Kingkey Fin Int") issued a supplementary announcement for the 2024 annual report on October 28, 2024. The announcement provided additional financial information for the financial year ending March 31, 2024, including details of corporate loans and personal loans. The company provided loans to 6 corporate clients, with over 63% secured by share pledges, and the total amount of corporate loans and accrued interest accounted for approximately 81.5% of the group's total loans and accrued interest. The total amount of personal loans and accrued interest accounted for approximately 18.5%. The confirmed impairment loss on receivables increased from around 3.4 million Hong Kong dollars in 2023 to around 35.9 million Hong Kong dollars in 2024. In addition, there were revisions to the section on credit risk in the annual...Show More