Walcom Group Ltd - Company update

Fecha : 02/06/2020 @ 10:00
Fuente : PR Newswire (US)
Emisora : Walcom Group Limited (WALG)
Cotización : 0.2025  0.0 (0.00%) @ 19:00
Walcom Cotización de acciones Gráfica

Walcom Group Ltd - Company update

Walcom (LSE:WALG)
Gráfica de Acción Histórica


De May 2020 a Jul 2020

Haga Click aquí para más Gráficas Walcom.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

2 June 2020

WALCOM GROUP LIMITED
(“Walcom” or “the Company”)

Company update

The Board of Walcom provides an update on the Company’s current working capital position.

Mr Francis Chi, Chief Executive of the Company, has still been unable to provide the proposed loan of HK$1,230,000 (the “Director Loan”) to the Company as intended. Mr Chi has, again, reiterated his intention to provide the Director Loan but there can be no certainty as to the provision or the timing of the Director Loan.

Further to the announcement on 29 May 2020, the Company has been able to further defer its loan repayment of RMB200k to 5 June 2020. The Company will require additional funding to repay this bank loan. Therefore, based on Walcom’s current cash flow projections, the Company will be able to continue operations until 5 June 2020. In the absence of the Director Loan now being received in part or in full by 5 June 2020, the Company would be unable to continue its operations and would be forced into liquidation with a consequential diminution in value to shareholders.

Further announcements will be made in due course. 

Further enquiries:

Walcom Group Limited
Francis Chi (Chief Executive Officer/Chief Financial Officer)
 
+852 2494 0133
Allenby Capital Limited (Nominated Adviser and Broker)
David Hart / Asha Chotai
+44 20 3328 5656

Copyright ne 2 PR Newswire

Su Consulta Reciente
BMV
FIBRAPL14
Fibra Prol..
BMV
AMXL
América Mó..
BMV
ME
IPC México
BMV
ALSEA*
Alsea
FX
USDMXN
United Sta..
Las acciones que ha visto aparecerán en este recuadro, lo que le permite volver fácilmente a las cotizaciones que ha consultado previamente
Registrarse ahora para crear su lista personalizada de acciones en streaming.

Cotizaciones PLUS están en tiempo real. Cotizaciones NYSE y AMEX están con retraso de por lo menos 20 minutos.
El resto de las cotizaciones están con retraso de por lo menos 15 minutos al menos que se indique lo contrario.

Al acceder a los servicios disponibles de ADVFN usted acepta quedar sujerto a los Términos y Condiciones

P: V:mx D:20200706 10:19:36