China Huiyuan Juice Proposes to Pay Lenders $1.25 Million for Waivers

China Huiyuan Juice Group Ltd. proposed to pay the lending banks $1.25 million, or 0.5 percent of a $250 million loan in exchange for their waivers of the covenants that it breached, it said in a statement to the Hong Kong stock exchange today. It is also seeking to amend the financial ratios, it added.

Shares of China Huiyan were suspended from trading in Hong Kong on Sept. 10. The company has applied for its shares to resume trading at 9:30 a.m. tomorrow, according to the statement.

To contact the reporter on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.