According to the latest update from our agent, debtor’s financial status is not good whereby debtor has many debt cases, we don’t think the debtor can honor a 30-months installment plan.
Our agent has informed that debtor has property, plant and equipment recorded at 4.77 million, they may sell part of them and repay the debt accordingly.
Coface can offer to provide a 5% discount on the total debt and the repayment plan to be last for 18 months with equal instalment amount.
Our agent is still demanding the debtor’s response. We will keep you posted if we received further update from our agent.