Minmetals Land Limited (HK:0230) has released an update.
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Minmetals Land Limited has announced supplemental agreements for two of its subsidiaries, Guangzhou Kuangmao and Shenzhen Kuangrun, extending the loan terms to shareholders until April 25, 2027. These extensions involve significant sums, with Guangzhou Kuangmao’s loan totals at RMB 1.9 billion and Shenzhen Kuangrun’s at RMB 1.2 billion. As these transactions are classified as both major and connected, they are subject to specific reporting and approval requirements, but have already received approval from the Board and independent non-executive Directors.
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