Nearly $200 million in debt due in September raises doubts about the going concern of Acrophyte Hotel Trust | Lianhe Zaobao
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Acrophyte Hotel Trust faces a debt of USD 198.5 million maturing in September, and independent auditor Ernst & Young has expressed doubts about its ability to continue as a going concern. Although the management company has received a non-binding letter of intent from the lending bank, formal negotiations and due diligence are expected to take place as the maturity date approaches, presenting significant uncertainty. The management company remains confident in its ability to secure refinancing and comply with loan covenants
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