Tuesday 28 December 2010

Damas Says Bank Lenders Agree to Extend Debt Standstill Till January 31 - Bloomberg

Damas International Ltd., a Dubai- based jewelry maker and retailer, said its bank lenders agreed to extend the standstill period for its banking facilities to Jan. 31.

The company is in final negotiations with lenders on restructuring plan over its bank facilities, Damas said in a statement to Nasdaq Dubai today.

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