Lenders impose new conditions on Ascendis recapitalisation iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Ascendis Health's hastily reinstated AGM on Monday may have been a costly mistake for the wellness company, after it effectively triggered the cancellation of an agreement it had made with its lenders.
Ascendis concluded a recapitalisation agreement in October, enabling it to repay its R7.7 billion debt. As part of the deal, the group which also owns the Junglevites and Vitaforce brands, transferred its Cyprus-based pharmaceutical company Remedica and its Romania based Sun Wave Pharma businesses to its lenders.