Maximum Entertainment Defaults On Loan Deals With Cathay Bank

Reuters

01 Apr

April 1 (Reuters) - Maximum Entertainment AB ::
*MAXIMUM ENTERTAINMENT, LLC IN USA HAS RECEIVED NOTICE OF DEFAULT UNDER ITS LOAN AGREEMENTS WITH CATHAY BANK
*RECEIVED DEMAND OF PAYMENT IN FULL OF CREDITS WITH CATHAY BANK OF NOT LESS THAN $5,547,801 AND NO LATER THAN ON APRIL 10
*CURE PERIOD UNTIL APRIL 10, 2025 TO REPAY USD 5.5 MILLION TO CATHAY BANK
*MAXIMUM ENTERTAINMENT AB - IS NOT IN A FINANCIAL POSITION TO PROCEED WITH PAYMENT AT THIS TIME, IS SEEKING TO FIND A SOLUTION TO SITUATION
*MAXIMUM ENTERTAINMENT AB - SUBSIDIARIES HELD DIRECTLY BY MAXIMUM ENTERTAINMENT AB ARE AT THIS STAGE NOT AFFECTED

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 01-APR-202508:29:01.21 GMT

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