Samson Paper breaches covenants on HK$780m loan

dollar_storm_adobestock_575x375
By Pan Yue
16 Jul 2020

Samson Paper Co has breached two covenants on a HK$780m ($100m) loan from 2017, with lenders still waiting for more information from the company.

The paper trading and manufacturing company has breached two covenants. One requires its parent Hong Kong-listed Samson Paper Holding to file its annual report before the end of June, and the other requires no suspension of trading for more than 10 business days, according to four bankers close ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial