Brief: Skyfame Realty Says Lender Not Yet Approved Extension Of Loan Even After Grace Period

Skyfame Realty (Holdings)

27/06/2022 02:21

June 27 (Reuters) - Skyfame Realty (Holdings) Ltd  0059.HK :
    * LENDER NOT YET APPROVED EXTENSION OF LOAN EVEN AFTER GRACE
PERIOD, ALL OUTSTANDING PRINCIPAL AMOUNT WITH INTEREST ON LOAN
NOW DUE
    * WAS UNABLE TO IMMEDIATELY REPAY OUTSTANDING PRINCIPAL OF
LOAN
AND ACCRUED BUT UNPAID INTEREST THEREON
    * HAS BEEN IN ACTIVE DISCUSSION WITH LENDER TO REACH
SOLUTION TO
RESOLVE CURRENT LIQUIDITY ISSUE
    * LENDER HAS NOT TAKEN ANY ENFORCEMENT ACTION AS AT JUNE 27
    * HAS NOT GOT ANY FORMAL AND EFFECTIVE NOTICE FROM ANY
CREDITORS
    * EXPLORING ALL FEASIBLE SOLUTIONS TO EASE CURRENT LIQUIDITY
CONSTRAINTS

Further company coverage:  0059.HK 

 ((Reuters.Briefs@thomsonreuters.com;))