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JAKARTA, Indonesia, 2020 /PRNewswire/ -- 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.
Mr. Edwin W. Ng., Chairman & CEO of KinerjaPay Corp. (OTCQB: KPAY) said: "Given our Investor's constant communication with us and with their Bank, we are convinced that the Company shall receive this first of eight guarantees of US$25 million from this investor. We hope to report back to our Shareholders later this week or early next week with the excellent news once we have received the guarantee."
