China Mining International's (SGX:BHD) subsidiary, Henan Zhongnong Huasheng Agricultural Science And Technology, is negotiating lower repayment interest rates with Shenzhen Qianhai WeBank, according to a Monday filing with the Singapore Exchange.

Shares of the company were down nearly 3% in Tuesday trading.

Repayments have been suspended until Dec. 30, pending approval of the revised terms.