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Kinetic Mines & Energy Ltd. ( (HK:1277) ) just unveiled an announcement.
Kinetic Development Group Limited, through its subsidiary Guizhou Mining, is involved in a connected transaction with Guizhou Energy, a company indirectly held by a substantial shareholder of Kinetic. The company has announced a Second Supplemental Agreement to extend the repayment date of a RMB200 million loan to Guizhou Energy from June 2025 to June 2027. This extension is part of a connected transaction under Hong Kong’s Listing Rules, which requires announcement and reporting but is exempt from circular and independent shareholders’ approval.
More about Kinetic Mines & Energy Ltd.
Average Trading Volume: 8,571,346
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.53B
See more insights into 1277 stock on TipRanks’ Stock Analysis page.