Shenzhen-listed Sainty Marine announced it would offer a consignment loan totalling RMB203m ($32m) to real estate companies with an annual interest rate of 18%.
The Chinese firm has loaned RMB28m, RMB85m and RMB90m to three different real estate companies for 12-18 months.
Sainty Marine had also issued RMB750m of corporate bonds and part of the funds has been allocated to the consignment loan.
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