ICO Group Limited (HK:1460) has released an update.
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ICO Group Limited has negotiated a new promissory note to extend the repayment period of its existing debt, allowing the company to maintain cash reserves for future projects. This strategic move is aimed at strengthening the company’s financial position without adversely affecting its shareholders. The new note, with an interest rate of 2% per annum, will mature in 36 months, mirroring the original terms.
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