Kinetic Development Group Limited has announced the signing of a third supplemental agreement to its existing 2020 Loan Agreement with Guizhou Liliang. Under the terms, Kinetic (Qinhuangdao), an indirect wholly-owned subsidiary of Kinetic Development Group, continues as the lender of a RMB57 million (approximately HK$63 million) loan originally provided in June 2020. The latest amendment extends the loan repayment date to 31 December 2025, following previous extensions agreed in December 2022 and February 2024. The loan was initially granted for a two-year term and has now had its maturity extended to support the borrower’s continued financing needs.
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