(Dow Jones)--Sun East Group Ltd. (Y35.SG) Tuesday said that it has breached certain financial covenants of a $15 million floating rate note due in 2009, making the outstanding amount immediately payable.
The Hong Kong-based beauty and cosmetics firm is currently in discussions with Deutsche Bank AG on how to settle the debt, it said in a filing with the Singapore Exchange.
The company said it hasn't been able to obtain any alternative source of financing.
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