Kinetic Mines Extends Loan Terms, Raises Interest

Kinetic Mines & Energy Ltd. (HK:1277) has released an update.

Kinetic Mines & Energy Ltd. has announced that its subsidiary, Guizhou Mining, has entered into a supplemental agreement with Guizhou Energy, extending the repayment date of a RMB200 million loan until June 30, 2025. The interest rate on the loan has been increased to 2.5% above the one-year loan prime rate in China. This connected transaction falls under the reporting and annual review requirements but does not require independent shareholder approval.

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