Winsway Enterprises board announces standstill agreement extended

By Mark Reccek

Bethlehem, Pa., Nov. 4 – Winsway Enterprises Holdings Ltd.’s board of directors announced Wednesday the standstill agreement has been extended until Nov. 27 by mutual agreement of all parties involved.

According to a company news release, the agreement was entered into in relation to a significant percentage of the outstanding principal amount of the senior notes.

The release also said capitalized terms will have the same meaning ascribed to them as in previous announcements unless otherwise specified.

The company will issue another announcement concerning discussions with bondholders and other relevant parties when appropriate, the release noted.

Winsway is a Hong Kong-based importer of coking coal.

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