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Shenzhen Investment lends to ex-director
Company announcement, 15-Dec-2008
Comment: If Mr Tam wants to borrow money for his "urgent financial needs", then he should go to a bank. The loan is 10.6 times his 2007 salary, at 95% loan-to-value (without mortgage insurance). Are these really "normal commercial terms" as the directors claim? If so, then why didn't he get those terms from a bank?
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