Zhaojin Mining Industry Extends Loan Maturity, Adjusts Interest Rate
MT Newswires Live
Oct 15
Zhaojin Mining Industry (HKG:1818) agreed to renew the maturity date of 1.4 billion yuan of loans granted to unit Laizhou Ruihai Mining Industry by five years and uniformly adjust the annual interest rate to 4.75% per annum.
The company had granted two loans of 600 million yuan each to Ruihai Mining in 2022, with a maturity date of Nov. 30, 2026 and Dec. 30, 2027, respectively and carrying interest rates of 3.95% and 4.24% per annum, a Thursday bourse filing showed.
Additionally, another 200 million yuan loan with a 4.75% interest rate and original maturity of Oct. 15, 2026 was provided in 2021.
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.