China Minsheng Financial Holding Corp is extending a loan to Hong Kong shipping company Hope Star for nine months.

Hope Star had originally taken out an HKD 120m ($15.3m) facility in 2016, Minsheng said.

It has repaid HKD 20m, but repayment of the rest will be stretched to November.

Interest is 11% per year, which means an extra HKD 7.75m