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Kinetic Mines & Energy Ltd. ( (HK:1277) ) just unveiled an announcement.
Kinetic Development Group Limited has agreed a third supplemental amendment to a 2020 loan agreement between its indirect wholly owned subsidiary Kinetic (Qinhuangdao) and Guizhou Liliang, extending the repayment date of a RMB57 million loan to 31 December 2027 and setting interest at 3.5% above the one-year loan market quoted rate announced by the National Interbank Funding Center, while leaving all other terms unchanged. As Guizhou Liliang is wholly owned by substantial shareholder Zhang Li, the extension constitutes a connected transaction under Hong Kong Listing Rules, triggering announcement, reporting and annual review requirements but remaining exempt from circular and independent shareholders’ approval, underscoring ongoing related-party financing ties that regulators and investors will continue to monitor for governance and compliance implications.
The most recent analyst rating on (HK:1277) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on Kinetic Mines & Energy Ltd. stock, see the HK:1277 Stock Forecast page.
More about Kinetic Mines & Energy Ltd.
Kinetic Development Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with operations conducted through subsidiaries such as Kinetic (Qinhuangdao). The group engages in related-party financing transactions within its corporate network, including lending arrangements with entities ultimately owned by its substantial shareholder.
Average Trading Volume: 20,846,643
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.21B
For a thorough assessment of 1277 stock, go to TipRanks’ Stock Analysis page.