The Group's efforts with respect to achieving a strategic transaction or refinancing that would result in a Bond Redemption have not been successful. However, discussions are continuing between the Group, Nordic Trustee in its capacity as trustee for the Bond and a group of large Bondholders holding in aggregate more than two-thirds of the US$235 mm Bonds about a recapitalization of the Group. The Company expects to be able to announce details of the proposed Recapitalization in the next two wee ....
29 Feb 2016
UPDATE ON BOND REDEMPTION
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UPDATE ON BOND REDEMPTION
The Group's efforts with respect to achieving a strategic transaction or refinancing that would result in a Bond Redemption have not been successful. However, discussions are continuing between the Group, Nordic Trustee in its capacity as trustee for the Bond and a group of large Bondholders holding in aggregate more than two-thirds of the US$235 mm Bonds about a recapitalization of the Group. The Company expects to be able to announce details of the proposed Recapitalization in the next two wee ....