Kinetic Development Extends Maturity on HK$63 Million Loan

MT Newswires Live

2025/12/23

Kinetic Development Group (HKG:1277) has extended the maturity on a HK$63 million loan to Guizhou Liliang Energy, according to a Hong Kong bourse filing on Monday.

Shares of the coal company gained over 2% in morning trade Tuesday.

The loan was due to expire on Dec. 31, but was extended by two years to Dec. 31, 2027.

Interest will accrue at a rate of 3.5% above the one-year loan market quoted interest rate.

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