Uni-Bio Science Group (HKG:0690) has extended the maturity of four outstanding loans totaling about 12.6 million yuan to year-end under agreements signed with connected parties Dongguan Taili and Guangzhou Taili, according to a Monday Hong Kong bourse filing.
Shares of the company were up nearly 2% in Tuesday's recent trade.
The loans, originally due between August and September, will now mature on Dec. 31 and carry an interest rate of 3.1% per annum from their original maturity dates.
The borrowings remain secured by invention patent pledges, the filing said.
Proceeds from the original advances were used for R&D and operational purposes, Uni-Bio said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.