Amadeusz Juskowiak

Kapok corp kpk in technical default

Kapok Corp said it is in techical default of its loans from Southeast Banking Corp STB and Murray Steinfeld but is negotiating with the lenders

It said neither has declared the loans due

The company said it has agreed to sell the Peter Pan Restaurant in Urbana Md for 1100000 dlrs or one mln dlrs after the payment of expenses

Reuter