LONDON – Woodbois Limited, an international timber company, is currently in talks with Nykredit Bank A/S to settle outstanding loan payments. The negotiations follow the company’s previous announcement on January 10, 2025 regarding its financial obligations to the Danish bank.
The loans in question were granted to Woodbois International ApS, a subsidiary of Woodbois Limited. The company has been granted a deferral of the payment schedule while negotiations continue. Although Woodbois directors are working towards a mutually satisfactory resolution with Nykredit Bank, they have indicated that there is no certainty that an agreement will be reached. Nykredit Bank has maintained its legal position in this matter.
More updates are expected to be provided as the situation progresses. This development is important to Woodbois Limited investors and stakeholders as the outcome of these discussions could affect the financial stability and future operations of the company.
The information in this report is based on a press release from Woodbois Limited.
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