LONDON – Woodbois Limited, an international timber company, is currently in negotiations with Nykredit Bank A/S to settle its loan arrears. The negotiations follow the company’s previous announcement on January 10, 2025 regarding financial obligations to the Danish bank.
The loans in question were extended to Woodbois International ApS, a subsidiary of Woodbois Limited. The company was granted a deferral of repayment while negotiations are ongoing. Although Woodbois directors are working on a mutually satisfactory solution with Nykredit Bank, they indicated that it is not certain that an agreement will be reached. Nykredit Bank has maintained its legal position in this case.
Further updates are expected to be made available as the situation progresses. This development is significant for Woodbois Limited’s investors and stakeholders, as the outcome of these discussions could affect the company’s financial stability and future operations.
The information for this report is based on a press release from Woodbois Limited.
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