LONDON (Alliance News) - GEONG International Ltd Friday said it has reached a deal with Hanafin Investments Ltd to extend the repayment date of the GBP1 million of outstanding convertible unsecured loan stock to December 31.
The loan stock continues to carry an interest coupon of 7.5% and remains convertible into ordinary shares at a price of 5 pence per share, it said in a statement.
It didn't give any other details.
Geong shares last traded at 3.5 pence.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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