KinerjaPay Corp (fka KPAY)

[Baxy]

"The Company announced that it has successfully concluded negotiations with China Construction Bank Indonesia (CCBI), which will provide the Company with a $25 million, non-recourse credit facility, based upon the HSBC bank guarantee provided by Gabriel Capital Ltd. (“Gabriel”), which has already been approved by the Bank’s Credit Committee."

"The final HSBC bank guarantee for $25 million is expected to be received in KinerjaPay’s account with CCBI within the week."

This part is key...

“...which has already been approved by the Bank’s Credit Committee.”