|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0015 - 0.0019|
|52 Week Range||0.0003 - 0.0376|
|Beta (5Y Monthly)||3.19|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
KinerjaPay Corp (OTCQB: KPAY), a Delaware Corporation, a digital payment and e-commerce platform Company ("KinerjaPay" or the "Company") with its business operations based in Indonesia, today announced that the Company has signed a new Indonesian bituminous coal contract with a China Construction Investment Group (Ningbo) Trading Co., Ltd. for a contract to supply up to 2,000,000 MT within the next 12 months.
The Company's Investor, Infinity Venture Capital Pte Ltd., a Singaporean-based Corporation told the Company that the COVID-19 Pandemic has delayed the issuance of the MT799 and MT760 Bank Guarantee of US$25 million into the week ending, April 10th 2020. The Company has an established line of credit with PT. Bank China Construction Bank Indonesia, Jakarta for US$25 million.
KinerjaPay Corp (OTCQB: KPAY) reported that the Company has incurred additional costs for the issuance of the MT-799 Bank Guarantee. This has delayed the receipt. Mr. Edwin W. Ng's (Chairman & CEO of KinerjaPay) recent $1 million equity infusion into the Company has enabled the Company to handle this burden. Recent changes in the issuing Bank's Compliance Department has increased the cost of issuing the guarantee. The Company is paying these costs. The Company's Investor, Infinity Venture Capital Pte Ltd., a Singapore-based corporation, has advised that once these costs have been covered, their Bank will issue the Bank Guarantee for $25 million to our local bank.