Hengda, on the brink of bankruptcy, overcame the crisis by paying interest on dollar bonds it failed to pay last month.
22Japanese news outlets in China reported that Hengda Group paid interest on dollar bonds last month. 21reported to have paid. As a result, the Hengda Group 23expiry dollar bonds 8350ten thousand dollars(approximately 984100 million won)The payment expired and one hurdle was crossed. Hengda Group has decided to deposit interest on unpaid dollar bonds into the account of the trustee, Citibank of the United States, to be paid to bondholders..
The Hengda crisis this time 984billions of dollars in interest, Various crises still exist.. right now 29Interest on dollar bonds deferred last month 4750I have to pay ten thousand dollars. In addition 30also at work 1425ten thousand dollars in interest.
To overcome this crisis, Hengda is currently pursuing a plan to sell its subsidiaries..