Kinetic Mines & Energy Ltd. (HK:1277) has released an update.
Kinetic Development Group Limited has announced a renegotiation of its 2022 Loan Agreement terms, leading to an extension of the loan period and an increase in the interest rate. The revised interest rate is now set at 2.5% above the one-year loan prime rate (LPR) in the PRC, reflecting a negotiation between the Lender and the Borrower based on current commercial lending rates and the Borrower’s financial health.
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