Huiyuan Juice Said: It Is Seeking To Relax Restrictions On Banks And Refinance Loans When Necessary.

Huiyuan's bank loans mainly come from the 3 year loan of 250 million dollars in April 30th this year, and another consortium loan with a balance of 56 million dollars is paid in installments from this year to 2012.

Last week, Hongkong media reported that the debt ratio of Huiyuan was 0.65 times higher than the upper limit stipulated in the loan agreement.

Huiyuan has asked banks to relax restrictions on two debt ratios.

However, some banks questioned Huiyuan's ignorance of the company's financial instability, but did not give early notice, and began to be vigilant about Huiyuan's accounts.

The news came out, Huiyuan Juice opened last Friday, that is, a sharp drop of 7.25%, 10:38 am emergency suspension.

Huiyuan announced yesterday that the company is actively negotiating with the loan bank on the matter, striving for exemption from certain financial contracts and reclassifying the two loans into long-term liabilities in December 31, 2010.