Summi Group Reaches Preliminary 48-Month Bank Debt Restructuring Deal
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Summi Group has reached a preliminary agreement with bank creditors for a 48-month extension on overdue repayments, aiming to settle outstanding borrowings and withdraw a winding-up petition. The company is finalizing documentation and engaging with other lenders for renewal and extension of borrowings and bonds due next year, while maintaining business operations and implementing cost controls.
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