Debt RepaymentsMjs should do press releases when they pay off a tranche of debt. Over 5.7 million is already paid down this year.
There 2 payments were due on Novmeber 6 & 13 (4.4 million)
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(i) a $2,939,750 (CNY 20,000,000) (December 31, 2019 - $2,870,264) one-year loan bearing an interest at 5.655% per annum and repayable on November 6, 2020. The loan is guaranteed by a third party;
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(ii) a $1,469,875 (CNY 10,000,000) (December 31, 2019 - $1,435,132) one-year loan bearing an interest at 6.31% per annum and repayable on November 13, 2020. The loan is guaranteed by certain third parties, including Dahedong;