Business
The Farm 51 Group Receives Demand To Pay Overdue Interest From Creditors
The Farm 51 Group Receives Demand To Pay Overdue Interest From Creditors
About this update from Farm 51 Group Sa
The Farm 51 Group NEWCONNECT:F51:SAID ON TUESDAY IT HAD RECEIVED A DEMAND TO REMEDY A BREACH OF ITS STATUS QUO AGREEMENT AFTER FAILING TO PAY AT LEAST EUR 150,000 IN OVERDUE LOAN INTEREST BY FEBRUARY 15CREDITORS SET A 7-DAY DEADLINE TO SETTLE DEBT OR FACE IMMEDIATE LOAN TERMINATION AND POTENTIAL SEIZURE OF PLEDGED ASSETSEXPECTS DIALOGUE WITH CREDITORS TO REACH SOLUTION AND LIMIT RISKS OF CONTRACT TERMINATION Source text: Further company coverage: