I think QIN and PDN are not comparable. PDN has $277 million debt owed to EDF alone, but from my understanding, QIN's issue at the moment is how to sort out $35 million put option. This is a much smaller amount compared to that of PDN. Considering that QIN has just secured more than $11 million ( 1/3 of the put option ), I think holders of QIN are in a much safer position.
Ann: More than $11 million secured in accelerated sales program, page-127
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