China Environmental Technology Enters Settlement Talks to Avert Winding-Up Over US$14 Million Bond Dispute
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China Environmental Technology Holdings (HK:0646) is in settlement talks with bondholder Sure Fast to resolve a US$14 million dispute over convertible bonds and avoid a winding-up petition. The company has appealed a court judgment validating the debt, and Sure Fast agreed to pause liquidation efforts for 30 days while negotiations proceed. This temporary reprieve eases immediate insolvency risks, though significant refinancing and legal uncertainties remain for the Hong Kong-listed environmental firm.
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