Yanchang Petroleum Agrees to Extend Maturity of $35 Million Loan to Novus Energy

MT Newswires Live

2025/12/17

Yanchang Petroleum International (HKG:0346) said it agreed to extend the maturity of a $35 million loan to its indirect-wholly owned subsidiary Novus Energy, according to a Hong Kong bourse filing Tuesday.

Shares of the petroleum company gained over 4% in morning trade Wednesday.

The loan could be renewed until Jan. 17, 2027, pending shareholder approval. Interest would accrue at 4.8% per annum.

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