Winsway, bondholders agree to extend restructuring support deadlines

By Caroline Salls

Pittsburgh, Feb. 25 – Winsway Enterprises Holdings Ltd. entered into an agreement with some bondholders to extend restructuring support agreement deadlines, according to a news release.

Under the agreement, the deadline for finalization of the restructuring documents, other than prospectus documents, was extended to Feb. 26 from Feb. 19.

In addition, the deadline for obtaining a “whitewash waiver” was extended to March 24 from Feb. 25.

The company said trading in its shares will remain suspended until further notice.

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

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