PW Medtech Group Ltd. (HK:1358) has released an update.
PW Medtech Group Ltd. has announced the extension of a loan’s maturity date from May 31, 2024, to May 31, 2025, with a potential further extension until 2026, conditional on the satisfaction of the Lender with the Borrower and Guarantor’s credibility. The original loan agreement, involving a RMB120 million loan for working capital with a 4.55% annual interest rate, was amended through a supplemental agreement after negotiations considering market conditions. This transaction is significant enough to require disclosure as per the Listing Rules due to its percentage ratios.
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