1MC 3.33% 2.9¢ morella corporation limited

Ann: Extension of time to convene second meeting of creditors, page-148

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  1. 18,802 Posts.
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    Re Tianqi try here Rupfel.
    And you have been such a stalwart of this forum - your posts often created debate which is a healthy thing.
    I am sorry the outcome here was dissapointing for you and all the holders who held on, and was glad to hear you are doing well with your graphite company

    cheers


    https://auto.economictimes.indiatim...rieve-on-loan-still-talking-on-terms/79496159
    ... “ China's Tianqi Lithium Corp said on Monday it had signed a renewal letter with a syndicate of banks to extend the maturity date on $1.884 billion of loans that were due for repayment at the end of this month.

    Tianqi, one of the world's top producers of lithium chemicalsused in electric-vehicle batteries, had repeatedly said its output and operations could be severely impacted if it did not repay the money, which was used to acquire a 23.8% stake in Chilean miner SQM in 2018, by the due date.

    The last-minute signing gives the heavily-indebted company and its lenders, led by China Citic Bank, until Dec. 28 to reach agreement on the terms of an extension, Tianqi said in a Shenzhen Stock Exchange filing. Otherwise, Tianqi will have to pay back the money by that date”
    ....
    etc
    Last edited by sabine: 01/12/20
 
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