Bondholders of Sympatex Holding have rejected a proposal to get their bonds redeemed ahead of their maturity for 101 percent of their value, and this should make it more difficult for shareholders to sell parts of the group to interested parties. Only creditors representing 21.6 percent of the €13 million loan's value showed up at a second meeting called on Nov. 9 to exercise a call option, or less than the 25 percent share required to approve the plan. Sympatex launched the bond in December 2013, carrying annual interest of 8 percent and making it due in 2018.
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