Locality Planning Energy Holdings (ASX:LPE) agreed to extend the repayment deadline for the approximately AU$6.2 million that Bundaberg BioHub owes the company, according to a Monday filing with the Australian bourse.
BioHub now has until Sept. 30 to settle the loan, which was previously due on June 28.
The extension follows Locality Planning's receipt of the June interest payment of AU$76,375.71 from BioHub. It also comes amid the expected approval of the development application for the BioHub project within three months, the filing said.
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