While the size of the credit facility is relatively modest –€6.6m ($8.6m) – and was due to expire in September, Sunways says it is stucknegotiating a repayment plan in order “to secure the company’s existence” afterthe banks exercised their “extraordinary termination rights”.
Sunways also postponed the publication of both its 2012financial statements due on 30 April and, pre-emptively, its half-year 2013report due later this year.
