QIN 0.00% 29.5¢ quintis ltd

So what happened to the Aug 4th put deadline?, page-6

  1. SDE
    450 Posts.
    QIN are no longer in a position to play a long game.

    They have missed their half annual coupon payment on a USD 250 million loan, the company is in default, and have another 26 days to make good. The company doesn't have "until November".

    As a retailer, would you pay a supplier, who is on the brink of insolvency, cash up front for goods that take over a decade to deliver?
 
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