*ST Kerry (002072): Apply For A 200 Million Loan Extension To ICBC For Failing To Repay The Loan Capability.
*ST Kerry (002072) issued a notice on the evening of 4, saying that it had deliberated and passed the motion to apply for a loan extension to the Dezhou branch of the industrial and Commercial Bank of China (5.760, -0.03, -0.52%). According to the announcement, Kai Reed Cmi Holdings Ltd's loan amount to the Industrial Commercial Bank of China Ltd Dezhou canal branch in the past year is about to expire. Due to the current difficulties in operation and no repayment capability, the company decided to apply to the Dezhou branch of the industrial and Commercial Bank of China to apply for the expiry of the loan due to be expired. At present, the company has designated a special person to connect with the related personnel of the Dezhou branch of the industrial and Commercial Bank of China to handle the expired loan extension business.
The announcement pointed out that the above-mentioned business needs the approval of the Dezhou branch of the industrial and Commercial Bank of China and the relevant departments. There is still uncertainty about the successful extension. The company will fulfill the obligation of information disclosure in accordance with the progress of the follow-up application.
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