Kazera Global (AIM:KZG), a diversified commodity investment company, confirmed on 10 July that its subsidiary Aftan has received an initial US$500,000 settlement payment from Hebei into its Namibian bank account.
Aftan is now processing the transfer of funds to Kazera in line with applicable exchange control requirements.
"Receipt of the initial US$500,000 payment into Aftan's bank account is an important milestone and confirms that Hebei has commenced performance under the settlement agreement," said Richard Jennings, Interim Chief Executive Officer.
