Unifiber

Unifiber has received a letter of demand from its Chinese vendor for the repayment of a US$23m debt relating to its wood chip mill. The group has repaid US$1m in Jul and is negotiating for a restructuring of the debt with the Chinese party. Meantime, it has obtained a US$5m loan from a potential investor, Falcon Capital to part-pay the debt. The company has lifted its trading halt this morning.