Company says it is in talks with lenders for waivers and has not received any demands for immediate repayment
In a filing with the Hong Kong stock exchange on Tuesday, the company said that it had breached financial covenants under its loan facilities, according to its audited annual results for the year ended March 31.
“The group has obtained waivers from certain lenders in respect of the breach, relating to bank borrowings of approximately HK$2,747 million.”
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