1st Oct 2018 07:34
LONDON (Alliance News) - Kibo Energy PLC on Monday said it has agreed to extend the conditions deadline for Chinese investment into the company.
In July, Kibo agreed with Shandong Electric Power Construction Corp III, or SEPCOIII, a deal which would see the Chinese firm take a 25% stake in Kibo for an unspecified amount.
The deadline to meet all of the conditions for the deal was Sunday. However, SEPCOIII has not been able to finish its internal investment approval process, so the deadline has been moved back to November 30.
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